UrBC, Yekaterinburg, December 13, 2016. Russian Copper Company and their syndicated loan Mandated Lead Arranger Natixis completed the transaction that provides the former with a five-year, non-revolving $300m loan, the company press service reports.

Six international financial groups joined the deal as Mandated Lead Arrangers: Russia’s Alfa-Bank, the UK’s UBS, Russia’s Sberbank, France’s Société Générale, Russia’s Rosbank, and Russia’s UniCreditBank. Quite a few banks proved very interested in the deal, with many more bids placed than could actually get accepted. The French international bank Natixis acts as the Mandated Lead Arranger for the loan.

The goal is to ensure funding for the company’s current pre-export loan and for a number of strategic projects. The loan is secured through export revenues, the holding’s guarantees, and production assets.

‘Russian Copper Company’s new debt market deal attracted major national and international financial bodies’ attention, with many more bids than the company actually needed. This means banks truly trust us and appreciate our level-headed financial policy, stable international ferrous metals market demand, and compliance with national and international environmental and industrial safety requirements,’ says Russian Copper Company’s Vice President for Finance Maxim Shibrik.