Allen & Overy’s Moscow office has advised two syndicates of lenders on new loan facilities for Sberbank Europe (the Austrian bank owned by the Russian state-owned Sberbank) and the privately-owned Credit Bank of Moscow.
The Sberbank Europe facility, previously reported by CEE Legal Matters on February 27, 2014, was led by Barclays Bank as documentation agent and Commerzbank as facility agent. The syndicate also included Bank of America Merrill Lynch, Citibank, HSBC Bank, ING Bank, J.P. Morgan, Mizuho Bank, Sumitomo Mitsui, and UniCredit Bank Austria as MLAs.
Commerzbank led the Credit Bank of Moscow transaction as co-ordinating mandated lead arranger, with ING Bank as a facility agent and, among others, Citibank, HSBC Bank (Russia), ICBC (Moscow), ING Bank, Morgan Stanley, Raiffeisen Bank International, Rosbank, Sberbank of Russia, UniCredit, and VTB Bank (Deutschland) as lenders.
The A&O team was led by Partners Elena Tchoubykina and Stephen Matthews, as well as Senior Associate Oleg Khomenko. Associates Hugh Mathison and Mikhail Novozhilov and trainee solicitor Oscar Mitchell played supporting roles.
