Sberbank participates in dual currency syndicated loan for JFC Group
April 6, 2011
Sberbank acted as one of mandated lead arrangers of a dual currency syndicated loan for JFC Group amounting to RUR1.5bn and $88m. The loan agreement was signed in March 2011. The loan is structured as a club deal and is split into two tranches, with one tranche fully funded by Sberbank. The list of arrangers included Raiffeisen Bank International AG and ZAO Raiffeisenbank acting as coordinator, agent on collateral and passport bank; Sberbank, Amsterdam Trade Bank N.V., ZAO UniCredit Bank and ZAO Societe Generale Vostok.
The proceeds will be used for general corporate purposes, among other purposes.
Head of the board of JFC Group Vladimir Kekhman noted that the deal once again proved confidence of the banking community in the company’s solid standing in the market and its sustainable financials. He also underscored the presence of Sberbank in the syndicate alongside with international banks. Sberbank took the whole ruble tranche
Company — JFC Group
Full nameJFC Group