The recently announced Deals of the Year of the magazine Trade Finance saw a transaction with the involvement of Raiffeisen as one of the awarded deals. A USD 250 million Structured Finance Facility provided to LLC Enisey by ZAO Raiffeisenbank, Raiffeisen Bank International AG (together RBI Group), VTB Bank (Deutschland) AG and ZAO UniCredit Bank has won the «Deal of the Year» award.
«This award proves both, our expertise in a highly specialized business segment trade finance as well as our excellent standing in Russia», stated Karl Sevelda, responsible Board Member for Corporate Banking.
«We are grateful for the excellent appraisal of our performance by one of the leading specialized publications. The oil company Yenisey belongs to one of the industries with which the bank has traditionally partnered with, and has a strong position in. The business community’s recognition of our achievements attests to the soundness of our operational strategy in this sector,» said Oxana Panchenko, a member of the Board and the Head of Corporate Banking and Corporate Finance Directorate at Raiffeisenbank.
RBI Group and VTB Bank (Deutschland) AG acted as Mandated Lead Arrangers and Underwriters of the transaction. The Facility was signed in December 2010. ZAO UniCredit Bank joined the Facility as Mandated Lead Arranger in February 2011. The Facility is structured as a pre-export finance facility with certain project finance features and consists of 2 tranches — USD 200 million/5 year term loan Tranche A and USD 50 million/3 year revolving facility Tranche B.
Enisey is a middle-sized oil production company located in Komi Republic. The Company’s output in 2010 totaled to approx. 600,000 tons with 2P reserves of 10.8 million tons. Currently the Company is in the final stage of construction of its own oil refinery with designed annual processing capacity of 1.3 million tons of crude oil. The proceeds of the Facility were used primarily for refinancing existing debt and also for completion of the Company’s oil refinery.
ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 9th among the Russian banks in terms of assets, based on Q1 2011 results (Interfax-CEA).
Raiffeisen Bank International AG regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets. Around 60,000 employees service about 14 million customers through around 3,000 business outlets, the great majority of which are located in CEE. RBI is the only Austrian bank with a presence in both the world’s financial centres and in Asia, the group’s further geographical area of focus. Raiffeisen Bank International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Oesterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, which is listed on the Vienna Stock Exchange; the remainder is in free float. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group, and serves as the group head office of the entire RZB Group, including RBI.