Sovcombank became the exclusive lead organizer, credit manager and one of the original creditors in the framework of the deal with Gazprom PJSC. The total amount of financing amounted to 43.15 billion rubles, and the amount of Sovcombank's participation was 10 billion rubles. The loan is granted for a period of 5 years.
9 Russian credit organizations participated in the syndicated loan, which indicates the significant interest of the financial community. Great interest in the transaction was caused, among other things, by the high level of creditworthiness of the borrower. The funds raised will be used to finance general corporate purposes. The legal support of the transaction was provided by Alumni Partners.
"The deal has become a landmark event both for its participants and for the entire financial market," said Mikhail Autukhov, Deputy Chairman and Head of Corporate Investment Business at Sovcombank. — In many ways, it marked the revival of syndication practice and will contribute to the development of this mechanism in Russia. We are proud that Sovcombank has organized this transaction for Gazprom, a backbone company of the Russian economy. The successful closing of the transaction once again confirms Sovcombank's leading position in the syndicated lending market and our commitment to the continuous development of this segment."
Please note that this press release is based on materials provided by the company. AK&M Information Agency shall not be held liable for its contents, nor for the legal and other consequences of its publication.
