ChTPZ Group Gets ˆ150m Syndicated Loan

UrBC, Yekaterinburg, December 20, 2017. ChTPZ Group was issued a syndicated loan of up to ˆ150m (or U.S. dollar equivalent), the Group’s press service reports.

This is an unsecured club-deal offer with a four-year loan period.

A syndicate of international banks (Reiffeisenbank, Commerzbank (Eurasia), UniCreditBank, Rosbank, ICBC Bank, and Agricultural Bank of China acted as creditors and mandated lead arrangers.

‘This is a bi-currency credit line with upper limits at ˆ65m and $35m. The CL can be extended to the extra ˆ10 and $40m that can be provided by either the original creditors or the new ones emerging in the course of ongoing syndication process. The interest rates come to EURIBOR +1.9% and LIBOR +2.1% a year. The cost of the funds borrowed as extension money may differ, depending on the borrower. The money will be directed to refinancing the Group’s current corporate debt,’ the press service says.


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