Mandated lead arrangers and bookrunners Fortis Bank and RZB have signed a US$150mn 45-month syndicated pre-export facility for the Kazakh copper producer TOO Aktyubinskaya Mednaya Kompaniya (AMK).

The facility was well-received by the market and was oversubscribed. It has secured Amalco Group, an international commodity trading house specialising metals sourced from Russia/CIS as the offtaker under the facility.

During senior syndication, Natixis joined as senior lead arranger. During the general phase, four banks joined as lead arrangers: Bayerische Landesbank, BNP Paribas, Commerzbank, and HSH Nordbank. Credit Suisse and DZ Bank are acting as co-arrangers.

AMK is a copper concentrates producer and is part of the Russian Copper Company, an integrated copper producer expected to launch an ambitious expansion programme in copper and zinc.

This facility marks the fourth time RCC has tapped the syndicated loan market, and this is the largest loan raised to date.