24 August 2009, LONDON - Deutsche Bank announced that Tranche D of TNK-BP’s latest pre-export finance facility has been signed and drawn. This brings total commitments to US$600m.
This is the first syndicated pre-export loan transaction in Russia this year (as opposed to a club deal), and reinforces Deutsche Bank’s leading role in trade finance deals in Russia over three decades. Despite challenging market conditions, the transaction attracted significant commitments at a variety of ticket sizes.
The facility was arranged by Deutsche Bank AG, Bayerische Hypo-und Vereinsbank (a member of the Unicredit Group), Calyon and ING Bank N.V., acting as Initial Mandated Lead Arrangers and active Bookrunners.
Deutsche Bank AG, Amsterdam Branch acted as Facility and Security Agent while ZAO "Calyon Rusbank" acted as Passport Bank. Societe Generale and WestLB AG joined as Mandated Lead Arrangers. ABN AMRO Bank N.V. (London Branch) acceded as Arranger while Helaba, ZAO Banca Intesa and JSB "ORGRESBANK", part of Nordea, joined as Co-Arrangers.
Proceeds of the loan will be used for general corporate purposes.
For further information, please call:
Libby Young + 44 (0) 207 545 6941
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