Financed ProjectsAcron Corporate Loan

Identification Code:

OP/14/0049

Total Operation Cost:

525.000.000

Maturity:

60 months

Operation Status:

Description and Purpose of the Operation:

An USD 525 million Syndicated Structured Pre-Export Facility to JSC Acron, Russia. The proposed syndicated financing facility will be used towards repaying an existing bridge facility of USD 400m and to finance the capital expenditure requirements or working capital of the Borrower or repaying other financial indebtedness of the Borrower.

Countries of Operation:

Russia (100,00 %)

Financial Product:

Loans

Sector:

Materials

Domain:

Private

Borrower/Client:

Joint Stock Company Acron, Russia.

Co-Financiers/Participants:

Societe Generale and JSC Rosbank Original Coordinating Mandated Lead Arrangers, Bank of China, AO Unicredit Bank and HSBC Bank plc Mandated Lead Arrangers International Investment Bank Lead Arranger

Guarantors/Sponsors:

Agronova Europe A.G., Switzerland

Developmental and Regional Cooperation Impact:

The Strategy for Russia asks the Bank to consider undertaking activities and providing services as may advance its purpose, paying special attention to activities promoting export of goods and services, and development of infrastructure, including energy efficiency. Acron is a vertical integrated, low cost producer with a focus on energy efficiency. Also, it is a worldwide exporter with sales in 65 countries and a London Stock Exchange listed transparent economic entity with sound corporate governance and management. By supporting Acron the Bank supports the objective of Russia to diversify the economic base of the country and to reduce dependence on raw materials and commodities while developing manufacturing and other high value added activities.

Environmental Classification and Impact (summary):

Screened as Category B+. The E&S assessment report has been distributed by Memo 2015/0089.

Operation Leader:

General Industries, Transport, Tourism 1

E-mail:

gitt1@bstdb.org