OREANDA-NEWS. Coordinating Mandated Lead Arrangers and Bookrunners NATIXIS, Societe Generale Corporate & Investment Banking and “ROSBANK” (OJSC JSCB) are pleased to announce the successful closing of the USD 250 million Syndicated Pre-export Finance Facility in favour of ZAO Russian Copper Company (RCC Group) with 8 additional lenders joining the Facility alongside the Coordinating MLAs.

Syndication witnessed strong demand from both banks and funds leading to an oversubscription of the Facility. Eight investors joined the deal:

Nordea, Sberbank Europe and Alfa Bank as Mandated Lead Arrangers,

Amsterdam Trade Bank, Industrial and Commercial Bank of China and Galena as Lead Arrangers,

FIMBank and Federated as Arrangers.

NATIXIS is acting as Facility and Security Agent, Natixis Bank (ZAO) and “ROSBANK” (OJSC JSCB) are acting as passport banks. Hogan Lovells acted as a legal advisor to the Lenders.

The Facility is a USD 250 million five-year copper cathode and copper wire rod Pre-Export Finance Facility in favour of ZAO Russian Copper Company. The purpose of the financing is to refinance its existing indebtedness and for general corporate purposes. The Facility is backed by the assignment of export proceeds up to the final buyers and by First Demand Guarantees from the Parent holding company and operating companies of RCC Group.

ZAO Russian Copper Company is the principal trading unit with functions of corporate management of production assets of the RCC Group, which ranks third in cathode copper production and second in copper wire rod production in Russia, with sales on both domestic and international markets. The group also has significant activities in Kazakhstan. The Group's copper reserves (JORC) amount to 1,029Mt with 6Mt contained copper, in addition to 3.3Mt of zinc, 5Moz of gold and 91Moz of silver. In 2012, the RCC Group produced 94Kt of copper in copper concentrate and smelted 145Kt of wire rods, 12Kt of Zn, 4t (129Koz) of gold and 121.5t (3.9Moz) of silver.