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Underwriting and distributing Russian syndicated loans: Who is lending and who is buying?

Broadcast on Sep 27, 2021 from Livestream: Bonds, Loans & Derivatives Russia & CIS 2021

Platinum Sponsor

Sberbank

Gold Sponsor

Gazprombank

Gold Sponsor

Credit Bank of Moscow

Gold Sponsor

Raiffeisen Bank

Gold Sponsor

Sovcombank

ESG Partner

VEB.RF

Silver Sponsor

Crédit Agricole CIB

Silver Sponsor

Emirates NBD

Silver Sponsor

Herbert Smith Freehills

Silver Sponsor

Mashreqbank

Bronze Sponsor

Alfa Bank

Bronze Sponsor

Allen & Overy

Bronze Sponsor

ING

Bronze Sponsor

Intesa Sanpaolo

Bronze Sponsor

Latham & Watkins

Bronze Sponsor

Morgan Lewis

Bronze Sponsor

Rosbank

Bronze Sponsor

S&P Global Ratings

Bronze Sponsor

Vienna Stock Exchange (Wiener Börse)

Corporate Sponsor

Delo Group

Corporate Sponsor

Gazprom Neft

Corporate Sponsor

GV Gold

Corporate Sponsor

MMK

Corporate Sponsor

Metalloinvest

Corporate Sponsor

Nordgold

Corporate Sponsor

Segezha Group

Corporate Sponsor

Severstal

Corporate Sponsor

Slavneft

Corporate Sponsor

Tatneft

Corporate Sponsor

TMK

Supporting Partner

CCI France Russie (Franco-Russian Chamber of Commerce)

Supporting Partner

Russian Association of Corporate Treasurers
  • Market landscape update: Who is lending? Who is borrowing? On what price and on what terms?
  • Change is a coming but what is the impact: How does a transition away from LIBOR impact borrowers and lenders?
  • Syndicated loans and ESG: Is there sufficient benefit to borrowers for ESG to become a driver of loan growth?
  • How is ESG and sustainable finance being incorporated into loan desks?
  • Classic syndication vs. club deals: Is the market turning away from the underwrite-to-distribute model?
Russia & CIS

Moderator

Sergey Blinov

Sergey Blinov

Sergey Blinov

Counsel at Allen & Overy

With over ten years of experience, Sergey is a senior member of the Banking department in the Allen & Overy team in Moscow. He is an all-round finance lawyer with substantial experience in a broad range of banking and finance transactions, covering trade finance, export credit finance, project finance, acquisition finance, subordinated loans, syndicated lending, restructurings (both consensual and contentious), and debt capital markets transactions. He has also advised various financial institutions on major insolvency proceedings and related litigation. Sergey is recognised by major international legal directories and is named as a leading lawyer in Russia by Best Lawyers in Banking and Finance Law and Insolvency and Reorganization Law.

Clients praise Sergey and commend his business-centric insight, with a source saying that he is "business-minded; he's calm and gives good advice." (Chambers 2020)

Allen & Overy

Sergey Blinov

Allen & Overy – delivering market-leading expertise to support global growth

Our ambition at Allen & Overy is to help the world’s leading businesses both maximise the opportunities that globalisation presents and meet the potential challenges. As our clients have sought new markets, so have we. We are continuing to invest in a growing network of international offices that covers Europe, Asia Pacific, the Middle East, North America and Central and South America and Africa. A&O’s international network consists of over 40 offices in 30 countries – the largest footprint among the leading global law firms.

However, our presence is only half of the story. Our 5,400 people work together in a highly integrated manner to leverage their expertise and experience for our clients’ benefit. We foster creative, independent thinking within a collaborative culture and, as a result, our lawyers are involved in many of the most influential commercial ventures, and are known for providing our clients with transformative solutions to the toughest legal challenges. This, above all, explains why Allen & Overy remains a leader in its field.

Speakers

Anton Kukoba

Anton Kukoba

Head of Syndicated Lending & Structuring

Raiffeisen Bank

Anton Kukoba

Anton Kukoba

Head of Syndicated Lending & Structuring at Raiffeisen Bank

Anton joined syndication team of AO Raiffeisenbank in 2010. Anton previously worked in Absolut Bank (former KBC Group), where he started his career in trade finance (ECA-covered deals mainly) and was further involved in fund-raising for the bank on local and international markets (Eurobond and STN issues, subordinated and syndicated loans, special purpose financing).

During the last years Anton has been engaged in originating, structuring and coordinating diverse deals (syndicated and club loan facilities, mezzanine financing, restructuring facilities) for the bank’s clients (corporates, banks and FIs) under English and Russian law.

Anton has extensive experience in international banking business over 10 years. His thick track- record of deals comprises among other such benchmark transactions as syndicated loans for top-tier Russian corporate borrowers and FIs (Gazpromneft, Uralkali, Acron, RCC, Renova, Interros, Sistema, ILIM, ChelPipe, Russian Standard Bank, Credit Europe Bank, Zenit, etc.) and restructurings for GAZ Group, Tractor Plants, UTair.

Anton received his PhD in economics degree in the Academy of National Economy under the Government of the Russian Federation.

Raiffeisen Bank

Anton Kukoba

Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank is one of the most reliable Russian banks, which creates financial solutions for private and corporate clients, residents and non-residents of the Russian Federation. According to

Interfax-CEA, Raiffeisen Bank ranks 10th in terms of assets for 9 months of 2020, 7th in terms of funds of individuals and 12th in terms of loans to individuals. Forbes magazine acknowledged Raiffeisenbank as the most reliable and the best bank in Russia in 2020.

Raiffeisen Bank International AG is the leading corporate and investment Bank in the financial markets of Austria and Central and Eastern Europe. In Central and Eastern Europe, Raiffeisen Bank International is represented in 13 markets and provides a wide range of financial services, including leasing, asset management and m&a support. Over 46,000 employees serve 16.8 mn customers in around 2,000 locations, most of which are located in Central and Eastern Europe. Raiffeisen Bank International shares are listed on the Vienna Stock Exchange.

LinkedIn

Denis Shanurenkov

Denis Shanurenkov

Managing Director, Head of Syndications and Structuring

Sberbank

Denis Shanurenkov

Denis Shanurenkov

Managing Director, Head of Syndications and Structuring at Sberbank

Over 10 years of managerial experience in banking. Before joining Sberbank Denis headed Structured finance Department at Alfa Bank, with main focus on the arrangement of syndicated loans to largest corporate clients, on the project finance and on the structured loan solutions.

Before Alfa Bank Denis was a co-head of Bonds and Loans Origination team at Commerzbank’s Moscow office. Joined Sberbank in 2010.

Denis has an MBA degree from Emory University, Atlanta, USA.

Sberbank

Denis Shanurenkov
Alexey Sakhnov

Alexey Sakhnov

Deputy Head, Syndication and Financing Solutions

Sovcombank

Alexey Sakhnov

Alexey Sakhnov

Deputy Head, Syndication and Financing Solutions at Sovcombank

Alexey Sakhnov possesses more than 10 years of experience in corporate and investment banking with special focus on structured finance and syndicated loans. Before joining Syndication and Financing Solutions team at Sovcombank in 2019 he worked in Corporate Business Development Department of Sberbank. Prior to that Alexey held various positions in Moscow offices of UniCredit and Raiffeisen where he was responsible for execution of different types of financing as well as relationship management for large corporate clients.

Sovcombank

Alexey Sakhnov
Dmitriy Kolomytsyn

Dmitriy Kolomytsyn

Director for Corporate Finance & IR

NLMK

Dmitriy Kolomytsyn

Dmitriy Kolomytsyn

Director for Corporate Finance & IR at NLMK

Dmitriy Kolomytsyn, CFA is a Director for Corporate Finance & IR at NLMK Group. In his role, Dmitry is responsible for developing and communicating the company’s financial vision and strategy, working with capital markets, attracting external financing, executing structured finance transactions, assessing financial risks, and analyzing various capital allocation options. Dmitry also oversees the Investor Relations Department and is responsible for ESG-related aspects. Prior to joining NLMK, Dmitriy was a Commodity Strategist at Sberbank CIB. Before that he was a Managing Director at Morgan Stanley covering the CIS M&M and the EU steel sector as part of the Equity Research Department. Dmitriy has worked in Canada, England, and Russia. He holds MSc in Finance and is a CFA charter holder.

NLMK

Dmitriy Kolomytsyn