RNS Number : 7503Q
OJSC Nomos Bank
25 October 2011
25th October, 2011
NOMOS BANK SIGNS AGREEMENT FOR USD 200 MILLION SYNDICATED LOAN AT LIBOR+1.9%
NOMOS BANK is pleased to announce that it has signed a one year syndicated loan agreement for USD 200 million with a consortium of relationship banks. WestLB AG London Branch acted as Coordinator, Documentation Agent and is also acting as Facility Agent on the facility. The Mandated Lead Arrangers and Bookrunners are Citi, COMMERZBANK Aktiengesellschaft, ING Commercial Banking, Raiffeisen Bank International AG, Joint Stock Commercial Bank "ROSBANK" (Open Joint-Stock Company), UniCredit Group, VTB Bank (Deutschland) AG and WestLB AG, London Branch. J.P. Morgan Limited participated as a Lead Arranger with Goldman Sachs International Bank and Landesbank Berlin AG involved as Arrangers. Adria Bank Aktiengesellschaft was a Lead Manager.
Notwithstanding the challenging macro-economic environment, the facility was oversubscribed leading to some scale-back of the Mandated Lead Arrangers.
The loan has an option to extend the credit's maturity for an extra year and will be used to refinance NOMOS BANK's own credit agreements with gold mining companies. The agreement to provide the loan at a margin of LIBOR+1.9% was signed on October 24, 2011 with disbursement expected shortly thereafter.
Since the beginning of 2001, NOMOS BANK has signed 14 syndicated loan agreements for a value of over USD 1.2 billion.
Yuri Lekarev, Vice president of NOMOS BANK, said, "Despite the current financial turmoil, the consortium of banks has demonstrated more interest in financing us than our debt refinancing required. We value this level of trust highly and would like to thank all parties for their contribution to this deal".
Nomos Bank is the 7th largest Russian banking group by assets and the 2nd largest privately-owned Russian universal banking group. As of 30th June, 2011, Nomos Bank's consolidated assets were 572.2 billion roubles, with equity of 69.7 billion roubles. Nomos Bank offers a full range of banking services to corporate, retail and small-business clients. In April 2011, Nomos Bank successfully conducted a IPO placing shares worth 782 million dollars. The Bank's capitalization at the time of placement totaled $3.2 billion (RUB 91 billion). The strategic shareholders in the Nomos Bank Group of Companies are the ICT Group (a Russian company and the controlling shareholder) and the PPF Group (Czech Republic). 24.99% shares are freely traded on the London Stock Exchange (in the form of GDRs), and on RTS and MICEX. The bank is performing well according to the ratings agencies: Fitch upgraded the bank to BB in August 2011 and Moody's confirmed its Ba3 rating in September 2010. The outlook in both cases is Stable. With approximately 300 branches and offices in the economically most important regions of Russia, as of the beginning of 2011 the Nomos Bank Group has the 9th largest network of banks in the country with its core territories in Moscow, St. Petersburg, Tyumen region (including the Khanty-Mansiysk Autonomous District), the Novosibirsk region and the Khabarovsk region.
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