Region - CIS, Caucasus & Central Asia
VEB considers new syndication
Vnesheconombank is potentially looking to raise a syndicated loan of up to US$1bn, according to market sources.
NLMK puts potential PXF on hold
Russian steel giant NLMK has postponed a potential pre-export financing that it was looking to raise early this year.
InvestBank opens TF subsidiary
Sharjah-based InvestBank has opened a second subsidiary bank, Al Imdad to specialise in trade financing and supply chain logistics for traders and manufacturers.
Russian banks gain ground
Both state-backed and private Russian banks are increasing their capacity for trade financing, while other players retreat from the market. Rebecca Spong reports.
Norilsk closes syndication oversubscribed
Russian metals producer Norilsk Nickel has closed its US$1.5bn five-year pre-export finance facility oversubscribed.
Milkiland seals US$100mn syndicated loan
Russian and Ukrainian dairy producer Milkiland has closed a four-year US$100mn syndicated facility with three international banks to refinance its existing loans.
Acron and Sberbank sign loan agreements
Russia’s Sberbank has provided a US$100mn loan to fertiliser firm Acron to fund its trade finance operations.
Qatar Petroleum closes year's largest project financing
Qatar Petroleum has closed a US$6.6bn financing with a syndicate of over 30 banks and export credit agencies to fund the Barzan gas project.
The project will be financed with up to 30% equity while the remaining 70% will be in the form of a syndicated loan, expected to total US$7.2bn.
The loan comprises a commercial bank facility of US$3.34bn, a US$850mn Islamic facility and US$2.55bn worth of ECA financing.
Uralsib seals another oversubscribed loan
Russia’s Uralsib has raised a one-year US$132mn syndicated term loan with the support of nine international banks.
SBI opens for business in Qatar
State Bank of India is set to open an office in Qatar, a spokesperson at the banks confirms to GTR.
Alfa-Bank secures first syndication since crisis
Russia’s Alfa-Bank has closed a one-year US$250mn syndicated loan with four international banks.
Metalloinvest wins Rabobank support
Russian steel firm Metalloinvest has won a US$120mn bilateral pre-export finance facility from Rabobank.
Rosneft closes jumbo facility
Russian oil producer Rosneft has closed a US$2bn five-year credit line with Barclays Capital and 14 other banks.
Sberbank agrees deals with Mizuho
Following on from the signing of its US$1.2bn syndicated facility closed in early November, Russia’s Sberbank has returned to the market to secure two smaller bilateral transactions with Mizuho Corporate Bank.
Garanti wins jumbo syndication
Turkey’s Garanti Bank has won a US$1bn dual-tranche facility from 30 banks in 16 countries.
