The facility is to finance trade-related transactions of the borrower’s major customers.
The facility was launched into the market at the level of US$30mn and following a 166% oversubscription from 25 banks, it finally closed at US$80mn. The borrower elected to take the whole oversubscription.
This is the fifth year that Nomos has successfully raised finance from the international syndicated loan market. This facility is the first unsecured syndicated loan for the bank and follows the US$100mn secured gold pre-export facility arranged by Standard and Commerzbank in December 2004.
Nomos Bank is one of the most active and dynamically developing Russian commercial banks.
Nomos Bank provides a wide range of financing services to corporate clients involved in the real sector of the Russian economy. In addition, the bank is one of the largest traders and exporters of precious metals on the Russian markets.
Nomos is “B’ rated by Fitch and “B1 “rated by Moody’s Investors Service.
Managers are: Bankgesellschaft Berlin; Bank Austria Creditanstalt; Export-Import Bank of the Republic of China; FBN Bank (UK); Finansbank (Holland); Indover Bank, Hamburg; Taiwan Business Bank, Offshore Banking Branch.
Participants are: JPMorgan Chase, London; Adria Bank; Hungarian International Finance; ICICI Bank UK; Banif – Banco Internacional do Funchal.
