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23.03.12

RBI wins two «Deal of the Year» Awards from Trade Finance Magazine



  • Export Financing for Ganzhou Hwagain Paper
  • Pre-Export Finance Facility for Uralkali

Two landmark transactions that Raiffeisen Bank International AG (RBI) structured for its client or in which it participated in a leading role, respectively, were recognized with Deal of the Year awards by the renowned industry publication Trade Finance Magazine. These awards again validate our approach of supporting our customers in realizing their business transactions with tailor-made and innovative solutions. The know-how provided by our product specialists was crucial for the successful completion of both deals, said Karl Sevelda, RBIs Deputy Chairman of the Managing Board and the board member responsible for Corporate Banking.

Together with its Beijing branch, RBI provided a credit facility for erecting a hygiene paper production plant for Ganzhou Hwagain Paper in south-eastern China. The total investment costs for the plant add up to approximately EUR 92 million. Half of this amount will be financed, whereas the deliveries deriving from Austria will be provided in form of a buyers credit guaranteed by Oesterreichische Kontrollbank AG (OeKB) in the amount of EUR 12 million. RBIs Beijing branch is providing the credit facility covering both local production and imports from third countries amounting to EUR 33 million.

For the USD 1.075 billion 5-year pre-export finance facility for OJSC Uralkali, a major potash producer based in Russia, RBI acted as Mandated Lead Arranger together with seven large international banks led by Unicredit Bank AG, which was Mandated Lead Arranger and Facility Agent. RBIs trade-finance specialists in-depth knowledge of the potash fertilizers sector and of the customers group was especially crucial for structuring the transaction in record time. The loan has been used to refinance an outstanding facility, as well as for general corporate and working capital purposes, including capital expenditure.


Raiffeisen Bank International AG (RBI) 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.

RBI is the only Austrian bank with a presence in both the worlds financial centres and in Asia, the groups further geographical area of focus.

In total, around 60,000 employees service about 13.7 million customers through around 2,900 business outlets, the great majority of which are located in CEE.

RBI is a fully-consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, the remainder is in free float. RBIs shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the countrys largest banking group, and serves as the head office of the entire RZB Group, including RBI.

For further information please contact Michael Palzer (+43-1-71-707-2828, michael.palzer@rbinternational.com) or Ingrid Krenn-Ditz (+43-1-71-707-6055, ingrid.krenn-ditz@rbinternational.com).

www.rbinternational.com, www.rzb.at

 

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