OREANDA-NEWS. January 23, 2013. Sberbank CIB and JSC Sheremetyevo International Airport have reached a deal to refinance the latter’s debt to HSH Nordbank (Germany), a USD 200 mln syndicated loan issued in 2007 for the purpose of constructing terminal E at Sheremetyevo airport. The structure of the new deal has allowed the borrower to optimize its debt burden and flexibly manage its liquidity.

Alexander Oleynik, Deputy Director General of Economics and Finance at JSC Sheremetyevo International Airport, emphasized that “this agreement once again confirms Sheremetyevo’s reputation as a first-class borrower and Sberbank’s important role in the airport’s investment, operation, and financial operations.

The deal allowed the two sides to strengthen their cooperation in the area of financing and facilitated Sberbank CIB’s expansion of its structured product offering.

“We value the cooperation between JSC Sheremetyevo International Airport and Sberbank CIB and are pleased to once again demonstrate Sberbank’s leading role in financing economically effective and nationally significant projects. We look forward to continuing our mutually beneficial collaboration by offering JSC Sheremetyevo International Airport a wide range of services, from financing to investment banking services,” commented Alexander Bazarov, member of the Management Board of Sberbank of Russia, Senior Vice President, Director of the Department of Corporate Clients, and Co-head of Sberbank CIB.