Sberbank CIB
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Sberbank CIB opens $750 mln revolving credit line for Uralkali

21.04.2017

Sberbank and Uralkali PJSC signed an agreement on opening a three-year $750 mln revolving credit line. The borrowed funds will be used to finance Uralkali’s current activities and refinance its debt. The financing has been arranged by Sberbank CIB, Sberbank’s corporate and investment banking business.

Natalia Ermakova, Managing Director, Head of the Industrials Division of the Largest Clients Coverage Department of Sberbank CIB, said: “Uralkali is one of the global leaders in potash fertiliser production and one of the Bank’s key clients. We have successfully cooperated with the company for a long time, and are grateful to Uralkali’s team for their trust and for enabling us to broaden our cooperation. This deal will provide the company with financing at an optimal price and under flexible conditions.”

Uralkali is one of the leading global potash producers and exporters. The company’s industrial assets include five mines and seven ore-treatment mills located in the Perm Region towns of Berezniki and Solikamsk.

Sberbank CIB is the corporate and investment banking business of Sberbank. Its key areas of activity are corporate finance (including trade finance), the documentary business, investment banking services, trade operations with securities, and private equity. Sberbank’s corporate and investment banking business provides integrated financial solutions and investment advisory services to its clients, which include major corporations, financial institutions, sovereign states and federal and sub-federal government bodies and organisations.

Information for editors

Sberbank CIB1 is the corporate and investment banking business of Sberbank. Its key areas of activity are corporate finance (including trade finance), the documentary business2, investment banking services, trade operations with securities, and private equity. Sberbank’s corporate and investment banking business provides integrated financial solutions and investment advisory services to its clients, which include major corporations, financial institutions, sovereign states and federal and sub-federal government bodies and organisations.

Additional Information

Sberbank Press Office
Tel: +7 (495) 957-57-21
E-mail: media@sberbank.ru 

1 On the basis of Sberbank CIB JSC and Sberbank
2 Banking products and services provided by Sberbank