The Deals of the Year recently announced by the magazine Trade Finance included three transactions for Russian companies in which Raiffeisen was involved.
"These awards prove both our expertise in the highly-specialized business segment of trade finance, as well as our excellent standing in Russia," stated Karl Sevelda, Raiffeisen Bank International's Deputy CEO and responsible for Corporate Banking.
Raiffeisen won "Deal of the Year" awards for the following transactions:
Structured finance facility to LLC Enisey
ZAO Raiffeisenbank, Raiffeisen Bank International AG (together RBI Group), VTB Bank (Deutschland) AG and ZAO UniCredit Bank provided a USD 250 million Structured Finance Facility to LLC Enisey.
RBI Group and VTB Bank (Deutschland) AG acted as Mandated Lead Arrangers and Underwriters in this transaction. The facility was signed in December 2010, ZAO UniCredit Bank joined the facility as Mandated Lead Arranger in February 2011. The loan is structured as a pre-export finance facility with various project finance features and consists of two tranches: a USD 200 million/five year term loan Tranche A and a USD 50 million/three year revolving facility Tranche B.
Enisey is a medium-sized oil production company located in Russia's Komi Republic. The company's output in 2010 amounted to approximately 600,000 tons. It has proven plus probable reserves of 10.8 million tons. The company is currently in the final stage of constructing its own oil refinery, which has a planned annual processing capacity of 1.3 million tons of crude oil. The proceeds of the facility were used primarily for refinancing existing debt and financing the completion of the company's oil refinery.
Five-year syndicated pre-export loan facility to SUEK
The five-year syndicated pre-export loan facility amounting to USD 900 million provided to Siberian Coal Energy Company (SUEK) was arranged through a group of international banks acting as Mandated Lead Arrangers and Bookrunners. Besides Raiffeisen Bank International, these banks were BNP Paribas, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Citi, Commerzbank Aktiengesellschaft, Credit Agricole Corporate and Investment Bank, ING Bank N.V., Banca Intesa, Rabobank International (London Branch), Societe Generale Corporate & Investment Banking, JSC "Banque Societe Generale Vostok", Sumitomo Mitsui Banking Corporation, UniCredit Bank AG and ZAO UniCredit Bank.
SUEK is Russia's largest coal producer and exporter and the eleventh-largest coal producer in the world, with a production volume of 88 million tons of thermal coal and revenues of USD 4.7 billion in 2009. SUEK's reserve base of 5.8 billion tons ranked the company third among its global coal peers in 2010.
USD 2 billion pre-export finance facility for Mechel
The facility provided to Mechel OAO, one of the leading mining and metals companies in Russia, was split between the Mechel Group's mining (OJSHC Yakutugol and Southern Kuzbass Coal Company), steel (OAO Chelyabinsk metallurgical plant) and ferroalloy (OAO South Urals Nickel Plant) divisions. Mechel appointed ING Bank N.V. and The Royal Bank of Scotland N.V. to serve as co-ordinators for this facility. Raiffeisen Bank International acted among other lenders as Mandated Lead Arranger and Co-Bookrunner.