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October 3, 2018

Deutsche Bank to arrange EUR 240mn financing for NizhnekamskNefteKhim

The bank has signed an agreement to finance the design, supply of equipment and construction of a modern power plant.

Deutsche Bank AG acting as the Sole Mandated Lead Arranger and Lender together with a club of banks will provide a EUR 240mn credit facility for PJSC NizhnekamskNefteKhim. The financing will be used to design and construct a 495 MW combined cycle gas turbine thermal power plant. The financing tenor of the facility is approx. 15 years.

This credit facility is supported by Euler Hermes, the German Export Credit Insurance Agency. This is the second loan covered by Hermes that has been arranged by Deutsche Bank in 2018 and provided by a club of banks to support NizhnekamskNefteKhim’s long-term investment plans.

In addition to Deutsche Bank, the club of banks includes well-known financial market participants: Bayerische Landesbank, DZ Bank AG - Deutsche Zentral-Genossenschaftsbank, Landesbank Baden-Wuerttemberg, UniCredit Bank AG.

The new gas turbine thermal power plant is due to be commissioned in 2021 and will have a combined cycle efficiency of more than 51%.

Daniel Schmand, Global Head of Trade Finance and Head of Global Transaction Banking for EMEA, Deutsche Bank, commented: “This transaction represents an important step towards strengthening Russian-German trade relations and enables our partner NizhnekamskNefteKhim to achieve its business goals. This is the company’s second large financing with Deutsche Bank in the last few months.”

NizhnekamskNefteKhim is one of the largest petrochemical companies in Europe and the leading producer of synthetic rubber and plastics in Russia. NKNK is part of TAIF, a diversified privately-owned investment holding in Russia with assets in the petrochemicals, oil, utilities, telecoms and real estate sectors.

For further information please contact:
Deutsche Bank AG
Media Contact
Phone: +7 495 363 2844

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