ZAO Raiffeisenbank together with Credit Agricole CIB, Gazprombank (Open Joint-stock Company), HSBC, JSC VTB Bank and Rosbank acted as one of the mandated lead arrangers and bookrunners of the dual currency syndicated facility for Home Credit & Finance Bank.
The aggregate amount of the transaction is equivalent to USD 200 million, with the Facility provided in two tranches: USD 60 million and RUB 4.04 billion with a margin of 195 bps p.a. over Libor/MosPrime respectively. The initial maturity date is in one year, with a potential extension for an additional year.
The proceeds from the Facility will be used to finance HCFB’s continued expansion and to support further portfolio growth.
Raiffeisenbank also acts as a Facility Agent, Rosbank (Société Générale Group) acted as a Coordinating Mandated Lead Arranger and Documentation Agent.
ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 9th among the Russian banks in terms of assets, based on H1 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.