OJSC Bank ZENIT launched Syndicated Trade Related Finance Facility of USD 218,000,000
OJSC Bank ZENIT today announced that it has launched USD 218,000,000 Syndicated Trade Related Finance Facility. The loan proceeds will be used to finance foreign trade operations of its clients.
The Mandated Lead Arrangers of the Facility are Bayerische Landesbank («BayernLB»), Commerzbank Aktiengesellschaft («Commerzbank»), Erste Bank der oesterreichischen Sparkasse AG («Erste»), Landesbank Berlin AG («LBB») и Raiffeisen Zentralbank Österreich AG («RZB»). The loan has been raised at the interest rate of LIBOR + 1.45% for 1 year.
The facility was launched on 24 April 2008 at US$ 150,000,000. Due to the very positive response from the market, the deal was oversubscribed by almost 50% and the facility amount increased accordingly.
THE SYNDICATE
Mandated Lead Arrangers
BayernLB
COMMERZBANK Aktiengesellschaft
Erste Bank
Landesbank Berlin AG
Raiffeisen Zentralbank Österreich Aktiengesellschaft
Lead Arranger
FBN Bank (UK) Ltd
Arranger
Demir-Halk Bank (Nederland) N.V.
Co-Arrangers
BRED Banque Populaire
Landesbank Baden-Württemberg, London Branch
Lead Managers
Bayerische Hypo- und Vereinsbank AG
GarantiBank International N.V.
OTP Bank Plc
VTB Bank (Deutschland) AG
Managers
AKA Ausfuhrkredit-Gesellschaft mbH
American Express Bank Ltd.
UniCredit Group
BANQUE BIA
CITI
J.P. Morgan Chase Bank, N.A.
Yapi Kredi Bank Nederland NV, Amsterdam
For further information, please contact:
| Landesbank Berlin AG |
Ralf Schuster
Director - Syndications
Tel: +49 30 245 62855
Mobile: +49 172 1503 327
Fax: +49 30 245 66567
E-mail: syndications@lbb.de
|
Edith Pasternak-Albert
Associate Director - Syndications
Tel: +44 207 572 6295
Mobile: +44 782 542 7682
Fax: +44 207 572 6796
E-mail: syndications@lbb.de
|
THE BORROWER
OJSC Bank ZENIT was established in December of 1994 by the Academy of National Economy under the Government of the Russian Federation, Tatneft oil company and a number of other legal entities. One of its major lines of operation is the full-scale corporate services. Bank ZENIT is widely involved in the development and promotion of retail services. The Bank is a strong player in the market of investment services and private banking. Bank ZENIT is currently rated Bа3/Stable by Moody's and B/Positive by Fitch.
As an active debt market player, Bank ZENIT arranged 7 international syndicated loans, 2 Eurobond issues (the debut issue was repaid in 2006) и 4 ruble bond issues (the debut issue was repaid in 2007).
ZENIT Banking Group was formed in 2005 as a result of the purchase by Bank ZENIT of a controlling interest in JSB Devon-Credit (OJSC). Devon-Credit is one of the leaders in the market of the retail and corporate banking services in the Republic of Tatarstan. In 2007, the Banking Group absorbed OJSC Lipetskkombank and JSB Sochigazprombank LLC (later renamed into Bank ZENIT Sochi). ZENIT Banking Group is represented in 21 of 83 regions of the Russian Federation; its own retail network consists of 150 offices. The Group provides its customers with a full-scale range of banking services in the following areas: comprehensive services to the corporate clients, retail services to the private clients, investment banking and interbank business.
Bank Group ZENIT's Press Service
phone: +7 (495) 937 07 37, +7 (495) 777 57 07,
e-mail: info@zenit.ru
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