UniCredit is sole Mandated Lead Arranger for MegaFon’s EUR 150 mln Finnvera-covered buyer's credit
- Автор: Банковское дело
UniCredit Group (UCBG) successfully arranged MegaFon’s Finnvera-covered buyer's credit with a total facility amounting to EUR 150 mln to finance its import contract with one of the European telecom leaders Finnish Nokia Solutions and Networks Oy (NSN) for the supply and installation of fixed and wireless telecommunication equipment, software and related services for MegaFon's network.
MegaFon is the second largest mobile operator in Russia in terms of number of subscribers and revenue, with a strong brand name and a world class level of service.
UniCredit Bank Austria AG, Austria acted as sole Mandated Lead Arranger and Finnvera Agent for this facility. Finnvera is providing cover against commercial and political risks for 95% of the facility amount plus interest. The availability period of the facility is 1,5 years and the amount drawn is amortized over a term of 8,5 years.
Kirill Zhukov-Emelyanov – an AO UniCredit Bank Board Member – commented “Happy to pass my congratulations to the dedicated teams in UniCredit Group for the successful closing of this significant deal in current unfavorable environment. This transaction is a vivid example of the high level of support UniCredit Group is providing to its customers in Russia to back their investments and development.”
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UniCredit Bank is a Russian commercial bank, operating in Russia since 1989. Ranked 10th by total assets based on H1 2015 results (Interfax-100 ranking), UniCredit Bank is the largest foreign bank in Russia. UniCredit Bank is fully owned (100%) by UniCredit Bank Austria AG, Vienna, Austria, member of UniCredit. The Bank benefits from its strong position in the large Russian corporate finance market and sustainable retail banking business. UniCredit Bank operates under General Banking License №1 of Central Bank of the Russian Federation.
UniCredit is a leading European commercial bank with strong roots in 17 countries. Our overall global network embraces approximately 50 markets with more than 147,000 employees and over 8,500 branches (as of 31 December 2014). In the CEE Region, UniCredit runs the largest and most diversified international banking network with nearly 68,000 employees and around 3,500 branches (Poland and Turkey included). The Group operates in Austria, Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Germany, Hungary, Italy, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine. In the Baltics, UniCredit is present through its Leasing subsidiary (as of 31 December 2014).
Additional information
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Elena Kurepina
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