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JSC UMMC signed the 15 bln RUB syndicated loan

10/08/2021
JSC UMMC signed the 15 bln RUB syndicated loan

JSC UMMC signed the 15 bln RUB syndicated loan executed by PJSC ROSBANK (Société Générale Group). ROSBANK acted as the Coordinator, the Documentation and Facility Agent. The lenders club was formed by Russian and foreign banks such as PJSC ROSBANK, PJSC Bank “Saint-Petersburg”, Eurasian Development Bank, PJSC “Moscow Credit Bank” and PJSC Sberbank. Separately worth to highlight a participation of Eurasian Development Bank, which was established by governments of Russia and Kazakhstan. The Republic of Armenia, the Republic of Belarus, Kyrgyz Republic and the Republic of Tajikistan are full members of the bank. 

“On the completion of the deal, we greatly appreciate the interest shown by our Russian and foreign partner-banks and especially by international financial organization Eurasian Development Bank. We cherish the level of professionalism and engagement of our partners’ teams of ROSBANK, Bank “Saint-Petersburg”, Moscow Credit Bank and Sberbank, the leaders of the Russian syndicated loan market. It is worth to mention, that the deal started the cooperation with the Eurasian Development Bank, which operates in the important for our Group region” – Mr. Andrey Kozitsyn, CEO of UMMC, commented. 

“We are grateful to our client, OJSC “UMMC”, for the honor given to Rosbank to coordinate a new syndicated lending transaction, which once again confirms the long-term partnership between Rosbank and the UMMC Group, one of the leading Russian industrial manufacturers. The market responded positively to the company's interest in new financing, which was reflected in the deal oversubscription. We are glad that in addition to UMMC's key relationship banks, a new partner, one of the international development institutions has shown interest in participating in the facility. We, along with other banks that took part in the new club deal, are pleased to support our client in implementing his ambitious development strategy," said Alexey Ievlev, Head of Corporate Business Directorate of Rosbank. 

The deal was signed as 5-year syndicated loan. Clifford Chance CIS Limited’s Moscow office acted as the legal advisor on behalf of the lenders. 

Reference: 

Ural Mountain Mining Company (UMMC) – Russian mountain mining group of companies. UMMC is the largest producer of copper, zinc, coal and precious metals in Russia. Over 40 industrial enterprises in Russia and abroad are owned by UMMC.

Rosbank is a universal bank, part of Societe Generale Group. Strategy of Societe Generale is focused on further improvement of client service and maintenance of leadership in innovation, capturing growth through business development, increased synergies, and delivery of sustainable profitability. 

Rosbank serves more than 5 mln individual customers in more than 60 regions of Russia. The bank’s regional network numbers around 250 outlets and more than 37 thousand ATMs of partner network, including 1500 of Rosbank’s own ATMs. The Bank of Russia included Rosbank in the list of 12 systemically important banks (SIBs). 

Rosbank has been assigned highest credit ratings by National rating agencies ACRA AAA(RU) and RAEX (Expert RA) ruAAA. The Bank has also country ceiling ratings by international rating agencies Fitch Ratings (BBB) and Moody’s Investors Service (Baa3). Rosbank is in TOP-3 in the most reliable banks’ ranking according to Forbes magazine in 2021. Rosbank is one of the top 10 largest Russian banks according to The Banker magazine. Rosbank L'Hermitage Private Banking won the SPEAR's Russia Wealth Management Awards 2020 in the category "Best Foreign Bank in the Russian Federation". Rosbank Depository (SGSS Russia) is recognized the best in the categories "Client Service Quality" and "Market Leader" among all European countries with emerging economies (Emerging Markets) according to Global Custodian.