Sberbank and VimpelCom Holdings B.V., a subsidiary of VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), have entered into a RUB 110 billion, five-year term loan agreement. The term loan will refinance the existing loans between Sberbank and PJSC VimpelCom, as well as provide additional funds for general corporate purposes.
Ivan Sinchilo, Managing Director, Head of the Telecom, Media & Technology Division of Sberbank CIB’s Largest Clients Coverage Department, commented: “VEON is a global communications and technology group with more than 235 million customers worldwide. We have a long-term, successful relationship with VEON, and consider the new agreement as a major step in the development of our cooperation.”
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.
Sberbank Press Office
Tel: +7 (495) 957-57-21