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A framework agreement of $1.49 bln and ECA backed loan agreement for $533.8 mln between Vnesheconombank and Calyon, Deutsche Bank AG, Intesa Sanpaolo SPA, ING Bank N.V., Societe Generale, KfW IPEX-Bank GMBH, Sumitomo Mitsui Banking Corporation Europ Ltd. |
On January 22, 2010, State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” and a club of banks including Calyon, Deutsche Bank AG, Intesa Sanpaolo SPA, ING Bank N.V., Societe Generale Corporate and Investment Banking (Initial Mandated Lead Arrangers & Bookrunners) and KFW IPEX-Bank GMBH and Sumitomo Mitsui Banking Corporation Europe Limited (Mandated Lead Arrangers) signed a Common Terms Agreement for the total amount of USD 1.49 billion to be on-lent for the financing of the construction of polypropylene production complex in Tobolsk, Tyumen region, Russia, executed by OOO ‘Tobolsk-Polymer” and sponsored by Sibur Holding.
Within the scope of the Common Terms Agreement, a first financing tranche in the form of a Hermes Facility Agreement for the amount of USD 533.8 million was also signed. The aim of the Hermes Facility Agreement is to finance a contract between OOO ‘Tobolsk-Polymer” and Linde-KCA-Dresden GmbH, Germany. The total tenor of the Export Credit Agency (ECA) backed financing under Euler-Hermes insurance is 13.5 years.
Calyon is acting as Global Coordinator and Documentation Agent for the financing and Deutsche Bank as Facility Agent and Hermes Agent.
Press Office of Vnesheconombank
Contact person: Ekaterina Karasina
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru
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