Related News

Mandated lead arrangers RZB, International Moscow Bank (IMB) and ZAO Raiffeisenbank Austria, Moscow (RBA) with a consortium of lenders have signed into a €20mn (US$38mn) dual-currency syndicated trade-related loan facility for Sibacadembank.
Due to the deal being oversubscribed Sibacadembank has increased the facility amount from €2mn. The significant oversubscription underlines the strong confidence towards the borrower, its strategy and shareholdership, claim the arrangers.
The loan is said to be trade-related and proceeds will be used to support the borrower’s major clients “export and import activities.
Some 22 banks (including the mandated lead arrangers) have joined the facility. RZB and RBA acted as bookrunners.
JSB Gazprombank is an arranger.
State Bank of India, Los Angeles is a co-arranger. 
Joining as lead managers are American Express Bank GmbH, Caixa Geral de Depositos, Grand Cayman, Commerzbank, GarantiBank International, Habibsons Bank; Moscow Narodny, Singapore, National City Bank; Parex banka, and Wachovia Bank. 
Adria Bank, AKA Ausfuhrkredit, Dresdner Bank, Export-Import Bank of the Republic of China, FN Bank (UK), Landesbank Baden-Wurttemberg, London, Ost-West Handelsbank and Trade and Development Bank of Mongolia are managers.
Sibacadembank was founded in 1990 in Novosibirsk and, following mergers and organic growth, is now one of the leading banks in the Siberian Federal District (SFD). Sibacadembank is headquartered in Novosibirsk and has the second largest network of branches of any bank in the Siberian Federal District after Sberbank.
The SFD, centered in the bank’s home city of Novosibirsk, accounts for about 11% of Russian GDP.
In December 2004, the European Bank for Reconstruction and Development acquired a 25% plus one share equity participation in Sibacadembank for about US$10mn pursuant to a subscription agreement between the EBRD and Sibacadembank.