16.03.2012

Raiffeisen Bank International AG (RBI) has won awards for a pair of landmark transactions involving Chinese and Russian firms. 

RBI was given "Deal of the Year" awards by the renowned industry publication Trade Finance Magazine after structuring for its client or playing a leading role in deals involving finance facilities of more than USD1bn. 

Together with its Beijing branch, RBI provided a credit facility for a paper production plant for Ganzhou Hwagain Paper in south-eastern China. The total investment costs for the plant add up to approximately EUR92mn and RBI's Beijing branch is providing a credit facility amounting to EUR33mn. RBI also acted as Mandated Lead Arranger in a USD1.075bn 5-year pre-export finance facility for OJSC Uralkali, a major potash producer based in Russia. 

Karl Sevelda, RBI's Deputy Chairman of the Managing Board and the board member responsible for Corporate Banking, said: "These awards again validate our approach of supporting our customers in realizing their business transactions with tailor-made and innovative solutions. 

“The know-how provided by our product specialists was crucial for the successful completion of both deals.”