UkrSibbank to acquire USD 250 000 000 syndicated loan
On the May, 29, 2007 JSCIB “UkrSibbank” held a press conference featuring syndicated loan of USD 250 000 000, being drawn with maturity period of two years. The loan has a floating interest rate of six-years LIBOR + 1.1% per annum. BNP Paribas, Bayerische Landesbank and HSBC Bank participated in the deal as book-runners.
Loan amount initially planned for $150 mln has been considerably increased resulting from resubscription and high demand demonstrated by the investors, and owing to successful joint actions of UkrSibbank and book-runners at the subscription-related stage. Considering UkrSibbank’s need in terms of volume of funds the loan amount has been limited by $250 mln. The acquired funds will be allocated for general corporate targets financing, including, but not limited to, trade finance-related transactions.
«Despite of adverse impact of April events on Ukrainian banks’ entering the external market, confidence in UkrSibbank, manifested by the investors and impeccable reputation of the Bank on international capital market enabled us to close a successful USD 250 000 000 deal», - noted Oleksandr Adarich, Chairman of the Board of JSCIB «UkrSibbank».
18 leading foreign banks (list below) participated in this syndicated loan.
Book-runner banks and managers of Syndicated Loan:
| Bayerische Landesbank | Main Authorized Lead Book-runner |
| BNP Paribas Finance p.l.c. | Main Authorized Lead Book-runner |
| HSBC Bank plc | Main Authorized Lead Book-runner |
| Demir Halk Bank (Nederland) NV | Authorized Lead Book-runner |
| Erste Bank | Authorized Lead Book-runner |
| GarantiBank International N.V. | Authorized Lead Book-runner |
| The Bank of Tokyo-Mitsubishi UFJ, Ltd. | Authorized Lead Book-runner |
| Burgan Bank, Kuwait | Lead Book-runner |
| Commercial Bank of Kuwait S.A.K | Lead Book-runner |
| Sumitomo Mitsui Banking Corporation Europe Limited | Lead Book-runner |
| COMMERZBANK Aktiengesellschaft | Book-runner |
| Indover Bank | Lead Manager |
| National Bank of Egypt (UK) Limited | Lead Manager |
| NATIXIS | Lead Manager |
| Raiffeisen-Landesbank Steiermark AG | Lead Manager |
| VakifBank International AG | Lead Manager |
| Wachovia Bank, National Association | Lead Manager |
| WGZ BANK AG Westdeutsche Genossenschafts-Zentralbank | Lead Manager |
This constitutes the 4th syndicated loan acquired by UkrSibbank. November 2005 UkrSibbank received USD 115 000 000 syndicated loan (it was initially assumed to attract M$ 75). 24 leading foreign banks and financial institutions took part in this syndicated loan.
“In 2006 UkrSibbank did not use the syndicated finance instrument as the Bank had some alternative sources of financing with more favorable terms, notably, it should be mentioned the 5-year $500 mln Eurobonds issue in December 2006. Up to now this issue is deemed as one of the largest allocation by Ukrainian banks ever with the lowest coupon rate for non-governmental banks”, - commented Oleksandr Sulayev, Deputy Chairman of the Board of JSCIB “UkrSibbank”.
Reference:
JSCIB «UkrSibbank» was registered on June 18, 1990. The bank has a full NBU license for banking operations ¹ 75 of December 24, 2001. As of 01.04.2007: net assets – UAH 24.9 bln, capital – UAH 3.1 bln, loan and investment portfolio makes up UAH 22.4 bln, corporate customers’ funds – UAH 3.5 bln, individuals’ funds – UAH 3.6 bln. Regional network currently amounts to 967 branches and outlets throughout Ukraine. 69 thousand of Ukraine’s businesses are customers of JSCIB «UkrSibbank», the amount of individuals’ accounts exceeds 2.7 mln.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader of banking and financial services market with significant and expanding presence in the USA and leading positions in Asia. The Group is one of the world’s major banking networks, which is operating in more than 85 countries. Headcount of BNP Paribas exceeds 140 000 persons, including some 110 000 employees throughout Europe. BNP Paribas is a leader in three key directions: corporate and investment banking, asset management and retail banking.
Press-centre:
Lilija Bevzjuk +38 (044) 537 49 18 bevzuik@ukrsibbank.com
Tatjana Shikerjavaja +38 (044) 201 22 71 T_Shikerjavaja@ukrsibbank.com
Victoria Pashevskaja +38 (044) 201 22 71 V_pashchevskaya@ukrsibbank.com
Yulia Kilmukhametova +38 (044) 201 22 71 julia.kilmukhametova@ukrsibbank.com
