BCS Global Markets has acted as a co-arranger of a Syndicated Pre-Export Finance Facility worth USD300 million for ТОО Aktyubinsk Copper Company (ACC), part of Russian Copper Company (RCC).
The facility to refinance ACC’s existing debt and general corporate purposes is secured by its exports proceeds from international traders and guarantees by the parent holding company and operational companies in Kazakhstan of the RCC Group.
Natixis has been mandated as Coordinator and acted as Joint Bookrunning Mandated Lead Arranger with Societe Generale Corporate & Investment Banking and Rosbank. The facility has been provided by a syndicate of 11 co-arrangers after almost a double oversubscription.
“We are happy to take part in a major international syndicate for a leading copper producer with an immaculate reputation, RCC Group. We are planning to expand our syndicated lending activities, including in the role of the lead arranger,” said BCS Global Markets co-CEO Aleksey Gonus.
A message from management of BCS Global Markets
The continuously evolving nature of the global coronavirus situation has meant we at BCS Global Markets (BCS) are taking all necessary steps to keep business disruption to an absolute minimum.
Effective from today (Wednesday 18th March) employees from all divisions of the business based in our Russia, UK, USA and Cyprus offices who can work from home without creating any even minor possible risk for business continuity of the Group will be working remotely. It is very much business as usual at BCS. Our employees are equipped with secure access to our systems and will follow their normal working hours, keeping in regular contact with their colleagues and clients.
Despite ongoing disruption caused by COVID-19, we want to also assure you that following a sustained period of positive performance, our capital and liquidity position remains very strong. The business is well-placed to meet any subsequent financial challenges and will continue to go above and beyond for our clients.