Societe Generale Affirms Leadership in Russian Syndicated Loans Market
OREANDA-NEWS. November 12, 2013. According to IFR Thomson Reuters league tables, Societe Generale is ranked 1st in the Russian syndicated loans market for the first three quarters of 2013 with a market share of 16.4%. On the same period, Cbonds Information Agency ranks Societe Generale n°3.
These rankings, which take into account the activity of both Societe Generale Corporate & Investment Banking (SG CIB) and Rosbank (SG Group) in the country, reflect the dynamism of Societe Generale on the Russian market. In total, the bank arranged 10 loans representing an amount of USD 23 billion and a volume attributable to Societe Generale of USD 2,032 billion.
Recent notable transactions include the USD 2.1 billion Syndicated Loan for MMC Norilsk Nickel, the largest global nickel and palladium producer, where SG CIB acted as Bookrunner, Documentation Agent and one of the Market Hedge Providers, while Rosbank acted as an Initial Mandated Lead Arranger.
Rosbank also acted as Mandated Lead Arranger for the US\\$ 1.5 billion Term Facility in favor of JSC Novatek, Russia’s largest independent natural gas producer and for the RUB 15 billion Club Facility for X5 Retail Group, a leading Russian food retailer,
Juergen Grieb, Deputy CEO and Head of Capital Markets and Investment Banking at Rosbank, commented: "With this solid performance in the Syndicated Loan Market, our combined teams of SGCIB and Rosbank demonstrate their recognized expertise and our strong commitment to financing of Russian key clients."
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