RZB, Standard Bank Plc and Societé Générale Corporate & Investment Banking, as initial mandated lead arrangers and bookrunners, have signed the dual tranche gold-related syndicated term loan facility for Russia’s Nomos Bank.
The facility was launched at US$100mn and closed significantly oversubscribed at US$189.5mn, almost equally split between Tranche A (one year) and Tranche B (18 months).
The final total amount taken by the borrower was US$185mn. Tranche A and Tranche B carry a 90bp per year and 110bp margin respectively.
The facility was structured as a trade-related syndicated loan with the purpose of financing loans granted by Nomos to Russian gold mining companies for the production and subsequent exports of gold.
This was the seventh year that Nomos has sought to raise finance from the international syndicated loan market. This facility continued the successful trend of Nomos in raising syndicated loans, which started back in 2001 with a US$17mn gold-secured short-term syndicated loan facility. After this debut, the bank has managed to raise several other facilities that were also significantly oversubscribed and year after year were able to bring new investors.
The initial MLAs were able to bring 31 investors to the facility from all over the world, including, for the first time, a Brazilian investor.
Lenders: VTB Bank France; VTB Bank Deutschland; ZAO Banca Intesa; Banco Bradesco; Bank of Overseas Chinese; BNI; Shanghai Commercial Bank; United Mizrahi Bank; Vakifbank; Bank of Tokyo Mitsubishi-UFJ; Banque BIA; Bre Bank; Export Import Bank; Nova Ljubljanska Banka; Bank Muscat; Caixa Geral de Depositos; RLB Kärnten; RZB; Soci&eaute;té GénéraleBaroda; Credit Europe Bank (Finansbank (Holland)); Mega International Commercial Bank; Bank of India; ICICI; Bank of Taiwan; DZ Bank; Garantibank; HVB; IMB; JPMorgan; LBBW; Sumitomo.