11.11.2015, 23:19
Sberbank CIB is arrangers for pre-export finance facility of TOO AMK
OREANDA-NEWS. Sberbank CIB is one of the Mandated Lead Arrangers for the US$ 200 million Syndicated Pre-export Finance Facility in favour of TOO AMK guaranteed by Russian Copper Company Limited (BVI), and certain subsidiaries.
The US$ 200 million four-year Amortizing Pre-Export Finance Facility will be used to refinance existing indebtedness of the Kazakhstan division of RCC Group, as well as to finance its current operational and investment costs. The Facility is backed by the assignment of export proceeds and by first demand guarantees from the parent holding company and operating and trading companies of RCC Group.
Together with Sberbank CIB three financial institutions joined the deal as Mandated Lead Arrangers: VTB Group, ING and Unicredit. Banks showed strong demand for the transaction leading to an oversubscription and increase of the Facility from US$ 150 million to US$ 200 million.
NATIXIS is acting as Coordinating Mandated Lead Arranger and Bookrunner for the Facility. The Kazakhstan bank executing the transaction passport is SB Sberbank JSC.
Russian Copper Company Limited (BVI) and its subsidiaries ("RCC Group") constitute Russia's 3rd largest copper producer (2014 production: 186 kt of copper in cathode equivalent). RCC Group produces various copper products, precious metals in bars, as well as zinc concentrate.
AMK is a mining and concentration facility of copper and zinc located in Aktobe region, Kazakhstan. AMK runs 2 concentration plants with a nameplate capacity of 5 MT of ore per year and operates through TOO Copper Technology 2 major open-pit mines in Kazakhstan: "50 Let Oktyabrya" copper mine (46 MT capacity) and "Priorskoye" copper & zinc mine (38.7 MT capacity). AMK's 2014 production totaled 68.5 kt of copper in copper concentrate and 14 kt of zinc in zinc concentrate.
The US$ 200 million four-year Amortizing Pre-Export Finance Facility will be used to refinance existing indebtedness of the Kazakhstan division of RCC Group, as well as to finance its current operational and investment costs. The Facility is backed by the assignment of export proceeds and by first demand guarantees from the parent holding company and operating and trading companies of RCC Group.
Together with Sberbank CIB three financial institutions joined the deal as Mandated Lead Arrangers: VTB Group, ING and Unicredit. Banks showed strong demand for the transaction leading to an oversubscription and increase of the Facility from US$ 150 million to US$ 200 million.
NATIXIS is acting as Coordinating Mandated Lead Arranger and Bookrunner for the Facility. The Kazakhstan bank executing the transaction passport is SB Sberbank JSC.
Russian Copper Company Limited (BVI) and its subsidiaries ("RCC Group") constitute Russia's 3rd largest copper producer (2014 production: 186 kt of copper in cathode equivalent). RCC Group produces various copper products, precious metals in bars, as well as zinc concentrate.
AMK is a mining and concentration facility of copper and zinc located in Aktobe region, Kazakhstan. AMK runs 2 concentration plants with a nameplate capacity of 5 MT of ore per year and operates through TOO Copper Technology 2 major open-pit mines in Kazakhstan: "50 Let Oktyabrya" copper mine (46 MT capacity) and "Priorskoye" copper & zinc mine (38.7 MT capacity). AMK's 2014 production totaled 68.5 kt of copper in copper concentrate and 14 kt of zinc in zinc concentrate.
Комментарии