Sberbank’s European arm has signed a €350mn syndicated loan facility with a group of international banks.
The loan is unsecured and has a 364-day tenor. It is priced at Euribor plus-60 bps and has a bullet repayment structure. It will be used for general corporate purposes.
The lenders are:
Mandated lead arranger (MLA) and bookrunner: Bank of America Merrill Lynch, Barclays, Citi, Commerzbank, HSBC, ING, JP Morgan, Mizuho Bank, SMBC and UniCredit.
Lead arranger: Société Genérale.
Co-arranger: BNP Paribas.
Lead arranger: Credit Suisse, Deutsche Bank, Sberbank (Russia), UBS.
Sberbank Europe CEO Mark Arnold says: “The success of this inaugural transaction highlights the excellent relationships and trust that Sberbank Europe enjoys with financial institutions all over the world. The loan will support our growth strategy and serve to refinance our growing corporate loan portfolio.”