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05.07.10

Raiffeisenbank joined a group of international banks arranging a syndicated loan for DIXY Group

Raiffeisenbank joined a group of international banks arranging a four-year facility for DIXY Group  one of the leading food retailers in the Russian Federation.

Mandated Lead Arranges included, along with Raiffeisenbank, ING Bank N.V., ZAO UniCredit Bank, and OAO Nordea Bank. ING Bank N.V., London Branch is acting as Facility Agent.

The most important goal for entire banking industry today is to be able not only to find compromise and help customers meet their obligations, but to assist them in creating the most beneficial environment for the new stage of business development across all business segments, and, essentially, in one of our countrys most vital industries, which is retail trade,  said member of the Board Oksana Panchenko.

On June 22, 2010, DIXY Group signed a RUB 6,145,340,000 (USD 200 million equivalent) syndicated facility agreement. The loan is granted for 4 years (maturing on June 22, 2014) and is to be repaid by 6 quarterly instalments after a 33 months grace period.

Rouble equivalent of USD 135million (Tranche A) disbursed on June 28, 2010, was used to repay the 2008 syndicated loan. DIXY plans to draw down the remaining part of the credit facility till the end of 2010 to finance Companys operations and further expansion.

In 2005-2008 Raiffeisenbank acted as the lead arranger of syndicated loans for Russian borrowers engaged in retail trade, oil & gas, energy, transport, metallurgy, commercial real estate, telecommunications, tourism and banking for a total of USD 9,292billion.


ZAO Raiffeisenbank is a subsidiary of Raiffeisen International Bank-Holding AG. Raiffeisenbank is ranking 9th in terms of assets among the Russian banks based on Q1 2010 results (Interfax-CEA).

Raiffeisen International operates one of the largest banking networks in CEE, covering 17 markets across the region through subsidiary banks, leasing companies and a range of other financial service providers. The groups nearly 56,000 employees service around 15 million customers via more than 3,000 business outlets. Raiffeisen International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB), which owns 72.8 per cent of the common stock. The remainder is in free float, with the shares listed on the Vienna Stock Exchange. RZB is a leading corporate and investment bank in Austria and the central institution of the Austrian Raiffeisen Banking Group, the countrys largest banking group.

 

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