AO UniCredit Bank was one of the mandated lead arrangers for the syndicated pre-export finance facility for TOO Aktyubinsk Copper Company
AO UniCredit Bank acted as one of the Mandated Lead Arrangers for the USD 200 million Syndicated Pre-export Finance four-year facility in favour of TOO AMK.
The Facility will be used to refinance existing indebtedness of the Kazakhstan division of RCC Group, as well as to finance its current operational and investment costs. The Facility is backed by the assignment of export proceeds and by first demand guarantees from Russian Copper Company Limited (BVI) and operating and trading companies of RCC Group.
Along with AO UniCredit Bank three financial institutions joined the deal as Mandated Lead Arrangers: Sberbank CIB, VTB Group and ING. As a result of the strong demand for the transaction from banks the amount of the Facility increased from USD 150 million to USD 200 million. NATIXIS is acting as Coordinating Mandated Lead Arranger and Bookrunner for the Facility. The Kazakhstan bank executing the transaction passport is SB Sberbank JSC.
Russian Copper Company Limited (BVI) and its subsidiaries (“RCC Group”) constitute Russia's 3rd largest copper producer (2014 production: 186 kt of copper in cathode equivalent). RCC Group produces various copper products, precious metals in bars, as well as zinc concentrate.
AMK is a mining and concentration facility of copper and zinc located in Aktobe region, Kazakhstan. AMK runs 2 concentration plants with a nameplate capacity of 5 MT of ore per year and operates through TOO Copper Technology 2 major open-pit mines in Kazakhstan: “50 Let Oktyabrya” copper mine (as of 01.01.2015 reserve base amounted to 21 million tonnes of copper ore) and “Priorskoye” copper & zinc mine (36 million tonnes of zinc-copper ore). AMK’s 2014 production totaled 68.5 kt of copper in copper concentrate and 13.6 kt of zinc in zinc concentrate.
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