The loan proceeds will be used to finance 11 Russian gold producers (artels) and has a one-year initial maturity, extendible by a further 12 months.
Priced at 190bp over Libor, the deal raised over US$220mn in commitments from the market, although Nomos chose not to increase the facility’s original size.
Banks joining as arrangers are: Alpha Bank, HVB, DeKaBank, DZ Bank, Erste Bank, HSH Nordbank, ICICI Bank, KBC, Landesbank Rheinland-Pfalz, Moscow Narodny, Natexis Banques Populaires and SG.
Managers are Bank of Overseas Chinese, Bank Sepah International, Banque Commerciale Pour L ‘Europe Du Nord, Cooperative Centrale Raiffeisen-Boerenlreenbank, Finansbank, Melli Bank, Mizrahi Refahot Bank, Export-Import Bank of China and ZAO Banca Intesa.
This is Nomos Bank’s fifth year of raising gold-related loans in the international market. The last – arranged by the same trio of MLAs – was a US$120mn loan which was repaid ahead of the utilisation of the new loan.