OREANDA-NEWS. November 3, 2011. Siberian Coal Energy Company OJSC (SUEK) has secured a USD 1.3 billion 5-year syndicated pre-export loan facility. The syndication closed on October 27, 2011 through a group of Mandated Lead Arrangers and Bookrunners, including leading international banks, specifically, ING Bank N.V. (Coordinating MLA and Facility Agent) and UniCredit Bank AG (Coordinating MLA and Documentation Agent). The Bank of Tokio-Mitsubishi UFJ Ltd., Commerzbank Aktiengesellshaft, HSBC Bank Plc, ING BANK N.V., Nordea Bank AB (PUBL), Raiffeisen Bank International AG, Societe Generale, Joint Stock Commercial Bank "ROSBANK" (Open Joint-Stock Company), ZAO UniCredit Bank, Bank of America Securities Limited, Cooperative Centrale Raiffaisen - Boerenleenbank B.A. (trading as Rabobank International), London Branch, Deutsche Bank AG, Amsterdam Branch and Barclays Capital acted as Mandated Lead Arrangers and ZAO Industrial and commercial Bank of China (Moscow), Sumitomo Mitsui Banking Corporation Europe Limited, Credit Agricole Corporate and Investment Bank, London Branch as Senior Lead Arrangers. The deal was supported by SUEK's major relationship banks.

The 5-year facility carries a margin of 270 basis points and is secured by the company's export revenues. The facility will be used primarily for refinancing of existing debt and also for general corporate needs.