Region - CIS, Caucasus & Central Asia
Landmark transaction for Belarus
The EBRD has financed the first western investment in the rolling stock manufacturing sector of Belarus.
Alfa Bank inks one-year loan
Alfa Bank has secured an oversubscribed loan of US$350mn from a large syndicate of banks.
Mechel bags series of loans
Russian metals giant Mechel has secured a series of loans from Gazprombank.
Russian foam plant gets financed
A syndicate of banks has given a €76mn loan to a Russian manufacturer.
Gazprom Neft nets billion dollar loan
Gazprom Neft has secured a US$1bn syndicated loan.
First-time club deal for Azeri bank
Pasha Bank of Azerbaijan has secured a US$30.25mn club deal.
Mechel digs up loan
Russian mining and metals company Mechel has signed a Rb40bn (US$1.28bn) loan agreement with VTB Bank.
Poor pipeline for CIS transactions
A senior banker has told GTR that he expects deals in Eastern Europe, Russia and the CIS to dry up in H2 2013.
Nick Vozianov, director of syndicated finance at ING, says that the flow of deals has already reduced significantly from the beginning of the year and that the pipeline for Qs 3 and 4 is looking even worse.
Mechel amends credit facilities
Mechel has signed an agreement to amend the terms of its US$1bn pre-export facility due to tight market conditions.
Sberbank reaches deal with Boeing
Sberbank has reached a US$1bn agreement with Boeing for an order of 12 737-800 aircraft.
Ex-BNP bankers launch commodities investment firm
Two former BNP Paribas commodities bankers have launched Commodity Trade Invest (CTI), a financial intermediary between investors and small to medium commodity traders.
Jacques Béglé, BNP’s former co-head of commodity trade finance, and Philippe Steiner, former commodity trade finance relationship manager, left the bank last June (2012) due to a perception of reduced opportunities following the credit crunch and ahead of the implementation of Basel III.
Finnvera backs short-term exports
Finnvera has been granted permission to insure short-term exports to EU countries to fill a private sector market gap.
Central Asian uranium PXF secured
The Eurasian Development Bank (EDB) has provided US$20mn pre-export finance to a uranium joint venture.
Turkey leading the way in Libya
Turkish companies are in pole position to capitalise on the economic growth in Libya.
Sace and Exiar sign agreement
Italy and Russia’s ECAs, respectively Sace and Exiar, have signed a reinsurance agreement to increase bilateral trade.
