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Russian Federation : Sberbank CIB acts as one of the organizers for the syndicated loan for EuroChem

September 4, 2014

Sberbank CIB acted as one of the organizers for the 8-year US$ 750 mln syndicated loan2 for EuroChem Group. The facility agreement was signed on August 29, 2014. In addition to Sberbank CIB, the syndicate includes six banks: Credit Agricole CIB, HSBC Bank PLC, ING Bank N.V., OJSC Rosbank, Societe Generale S.A., ZAO UniCredit Bank.

EuroChem plans to use the funds to finance its potash project Usolskiy Potash Plant, Verkhnekamskoe potash deposit (Perm Krai, Russia). This project will increase the company s self-sufficiency in potash raw materials and strengthen its cost advantage.

We are delighted to take part in the syndicated loan for our longtime partner EuroChem. The company s team did an excellent job on this project finance deal and attracted the industry s leading banks. The Sberbank CIB team applied its extensive experience in financing investment projects to complete this landmark deal, said Natalia Ermakova, Head of Industrial Unit, Corporate Clients Division, Client Management Department, Managing Director, Sberbank CIB. The fertilizer industry is very promising and we are ready to continue to help our partners to develop their businesses by providing them a complete line of financial services.

EuroChem is a leading global agrochemical company, producing primarily nitrogen and phosphate fertilizers, as well as certain organic synthesis products and iron ore. The Group is vertically integrated with activities spanning from mining and natural gas extraction to fertilizer production, logistics, and distribution. EuroChem is currently developing two sizeable potash deposits in Russia with its VolgaKaliy and Usolskiy Potash greenfield projects. Headquartered in Moscow, it operates production facilities in Russia and Western Europe and employs more than 20,000 employees globally.

This EuroChem publication contains forward looking statements concerning future events, these statements are based on current EuroChem information and assumptions concerning known and unknown risks and uncertainties.

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Source: TendersInfo (India)

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