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JSC Suek – Siberian Coal and Energy Company – has mandated ZAO Raiffeisenbank Austria, Moscow (RBRU) and RZB as mandated lead arrangers to arrange a US$100mn syndicated export receivables-based finance facility on its behalf.

Due to restructuring issues in 2004-05, a US$80mn syndicated loan for Suek launched in May 2004 was not signed and executed. Terms and conditions were adjusted to the new structure of JSC Suek.

The margin of the new facility is 3.75% per year. The tenor is 24 months from signing plus a six-month extension option.

Repayment is in 19 monthly instalments after a six-month grace period.
The final offtaker is Noble Energy.