VTB Group, in conjunction with other Russian and international banks, has acted as lead manager in providing a four-year $200-million syndicated pre-export loan facility to the Russian Copper Company. VTB’s share in the deal in $42.5 million.
The borrower is the Aktyubinsk Copper Company (Kazakhstan). The funds will be used to refinance the company’s debt obligations and finance its current operations.
“Support for the real economy is among our priorities. We are pleased with our current cooperation with the Russian Copper Company and we believe it has great development potential, which we are ready to facilitate in every way possible,” First Deputy President and Chairman of the VTB Bank Management Board Yuri Soloviev said.