Credit Agricole CIB to provide EUR 600 million credit facility to Gazprom
Gazprom and the French bank Credit Agricole Corporate & Investment Bank (Credit Agricole CIB) signed a five-year EUR 600 million Facility Agreement.
The document was signed on behalf of Gazprom by Andrey Kruglov, Deputy Chairman of the Management Committee, and on behalf of Credit Agricole CIB by Erik Koebe, President of Credit Agricole CIB AO (Russia), and Nicolas Lipovsky, Managing Director, Head of Loan Origination, Central and Eastern Europe, Middle East and Africa, Credit Agricole CIB.
The Facility Agreement marks the second deal made by Gazprom to secure financing directly from Credit Agricole CIB.
Credit Agricole Corporate & Investment Bank (rated long-term "A" by S&P, "A+" by Fitch, "A1" by Moody's) is the Corporate and Investment Banking arm of the Credit Agricole Group, Europe's No. 2 bank measured by Tier One Capital. The Group is present in 49 countries with over 139,000 employees. Credit Agricole CIB is a leading bank in syndicated loan markets and is active in international debt and equity capital markets.
The strategy of Credit Agricole CIB in Russia is to cooperate with the leading Russian and multinational companies.
In Russia, Credit Agricole CIB is represented by Credit Agricole CIB AO, registered in St. Petersburg in 1991.
Gazprom has been cooperating with the Credit Agricole Group since 1995. The Credit Agricole Group participated in many of Gazprom's financial operations including deals aimed at securing corporate and project financing as well as transactions with the Gazprom Group's Eurobonds in capital markets.
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