OJSC "UMMC" arranged a syndicated loan in the amount of 15 billion rubles with the participation of first-class foreign and Russian banks in Russian currency, drawn up on the basis of Russian law. The group of banks participating in the syndicate was headed by JSC Raiffeisenbank, which again acted as coordinator, documentary agent and loan manager. Leading Russian banks also took an active part in the syndicate: PJSC Sberbank, PJSC Bank Saint Petersburg and PJSC Moscow Credit Bank (MCB). “This is our fourth completed project with the participation of our partner Raiffeisenbank JSC, with whom we have been working for many years. As before, he took on the role of organizer of the deal, in which our foreign and Russian partners were united. It should be noted that for this syndicate we purposefully chose to borrow in Russian currency and apply Russian law. At the same time, we have expanded our cooperation with Russian banks - our partners, which play important and leading roles in the syndicated financing market in Russia. We highly appreciate the trust that our partner banks place in us by providing various financial services. It is worth noting the high level of the Raiffeisenbank team that was involved in organizing this transaction, as well as the partnership and professionalism of our Russian partner banks - Sberbank, Bank Saint Petersburg and MKB, with which we are actively cooperating on many other projects "- commented the General Director of OJSC UMMC Andrey Kozitsyn “UMMC is a company that constantly monitors the latest changes in both Russian and international law and applies new formats when structuring transactions. For many years, we, as a leading bank in the syndicated lending market, have supported UMMC in arranging borrowings in foreign currencies, and we are grateful that this time the company continued its cooperation with us. The current deal is an example of flawless interaction between the largest state-owned bank and the private banks participating in the syndicate. We are grateful to Sberbank, Bank Saint Petersburg and MKB for their interest in the syndicate organized by us, ”said Dmitry Sredin, head of the department for work with large companies and investment banking products of Raiffeisenbank.
The deal was closed in the format of a syndicated loan for a period of 5 years. The Moscow office of Clifford Chace acted as the legal consultant accompanying the transaction.
Ural Mining and Metallurgical Company is a Russian mining and metallurgical holding, the largest producer of copper, zinc, coal and precious metals in the country, uniting more than 40 industrial enterprises in Russia and abroad.
Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank is one of the most reliable Russian banks that creates financial solutions for private and corporate clients, residents and non-residents of the Russian Federation. According to Interfax-CEA, Raiffeisenbank ranks 10th in terms of assets for 3 months of 2021, 7th in terms of funds from individuals and 9th in terms of loans to the non-banking sector.
Raiffeisen Bank International AG is the leading corporate and investment bank in the financial markets of Austria and Central and Eastern Europe. In Central and Eastern Europe, Raiffeisen Bank International is represented in 13 markets and provides a wide range of financial services, including leasing, asset management and M&A transactions. More than 45,000 employees serve 17.4 million customers in more than 1,800 business units, most of which are located in Central and Eastern Europe. Raiffeisen Bank International shares are listed on the Vienna Stock Exchange .