ESPRIT D’ENTREPRENDRE FINANCING AND RATINGS ADVICE FOR RUSSIAN COMPANY METALLOINVEST Against the sluggish backdrop of early 2013, Societe Generale helped Metalloinvest, the leading Russian producer of iron ore and the fourth-largest in the world, to issue debt on the markets under favourable conditions. In April 2013, the mining group raised $1 billion in seven-year eurobonds to refinance its debt (eurobonds are bonds priced in a currency other than that of the issuer's country). Societe Generale Corporate and Investment Banking advised it on this debt issue. More importantly, it provided crucial ratings advice to its client before the transaction, allowing Metalloinvest to get a better rating from the major rating agencies and thereby obtain financing at a lower rate. In 2013, Societe Generale proved it its place as a key partner in debt markets for Russian issuers. In the mining and metals industry, it shot to first place among eurobond issues. It provides its major Russian clients with a broad range of foreign currency financing. In early 2014, it was the leader of the banking consortium that acted to grant $1.15 billion in pre-export credit to Metalloinvest. Pre-export financing is an advance of capital in return for export letters of credit from foreign clients, allowing an exporting supplier to obtain funding without waiting for its orders to be paid. 1 in every 3 French companies doing business abroad is a client of the Societe Generale network With a 20% market share, Societe Generale is the leading bank in the French e-commerce sector €427 million in loans was granted in 2013 to young companies created less than a year earlier in France No. 1 bank for syndicated loans in Russia
ACTIVITY_REPORT_20132014_UK
To see the actual publication please follow the link above