Sberbank acted as a mandated lead arranger of a new $750,000,000 unsecured loan facility on a club basis for EuroChem Group AG. The proceeds will be used for general corporate purposes and for the credit portfolio refinancing. The facility is structured as a 5-year unsecured finance facility.
“Sberbank and Eurochem have successfully cooperated for many years. We are pleased to participate in new projects of the company, while this successful transaction is another contribution to the strengthening of our partnership,” said Natalya Ermakova, Managing Director, Head of the Industrial Division of Sberbank CIB.
Sberbank CIB1 is the corporate and investment banking business of Sberbank. Its key areas of activity are corporate finance (including trade finance), the documentary business2, investment banking services, trade operations with securities, and private equity. Sberbank’s corporate and investment banking business provides integrated financial solutions and investment advisory services to its clients, which include major corporations, financial institutions, sovereign states and federal and sub-federal government bodies and organisations.