OREANDA-NEWS. January 05, 2015. Societe Generale and Rosbank acted as Sole Bookrunners, Original Coordinating Mandated Lead Arrangers and Documentation Agent in an up to USD 525 mln 5-year syndicated pre-export finance facility in favour of Acron.

The loan is backed by deliveries of export commodities and will be used to repay the existing USD 400 million Bridge Term Loan Facility signed in April 2014.

The syndicate of banks also includes HSBC Bank plc, Bank of China Limited (Luxembourg branch), AO Unicredit Bank as Mandated Lead Arrangers and International Investment Bank as Lead Arranger. HSBC Bank plc acted as Facility Agent and Account Bank, HSBC Corporate Trustee Company (UK) Limited acted as Security Agent, Rosbank - as Passport Bank.

Rosbank’s Deputy Chairman of the Management Board, Head of Coverage and Investment Banking for Russia/CIS, Societe Generale Corporate & Investment Banking, Ilya Polyakov comments:

“The successful completion of this deal is a great achievement in the current challenging market environment and is a result of an outstanding team work between Acron and the Mandated Lead Arrangers. This structured pre-export finance facility in favor of Acron brings together a syndicate of European, Chinese and Russian banks. Societe Generale Group’s coordinating role in the arrangement of this benchmark transaction proves the importance of long-term relationship with our key clients and confirms our worldwide structured commodity finance expertise.”