Credit Agricole CIB to provide EUR 700 million loan to Gazprom
Gazprom and France's Credit Agricole Corporate & Investment Bank (Credit Agricole CIB) inked a loan facility agreement at the Gazprom headquarters today.
The agreement was signed on behalf of Gazprom by Andrey Kruglov, Deputy Chairman of the Company's Management Committee, and on behalf of Credit Agricole CIB by Regis Monfront, Deputy Chief Executive Officer of Credit Agricole CIB, and Erik Koebe, President of Credit Agricole CIB AO (Russia).
Credit Agricole CIB will provide Gazprom with a five-year EUR 700 million loan.
Credit Agricole Corporate & Investment Bank is a corporate and investment subdivision of the Credit Agricole Group, Europe's second-largest banking network in terms of Tier 1 capital, with assets exceeding EUR 1.7 trillion. The Group has offices in 52 countries with a headcount of over 140,000 employees. Credit Agricole CIB is a leader in syndicated lending and an active player in the international debt and equity capital markets.
Credit Agricole CIB's strategic goal in the Russian market is to cooperate with leading Russian and foreign companies.
Credit Agricole CIB is represented in Russia via its subsidiary bank Credit Agricole CIB AO (BBB- rated by Fitch), which was registered in St. Petersburg in 1991.
Credit Agricole has worked with Gazprom since 1995, participating in numerous deals made by the Company with the purpose of attracting corporate and project financing, as well as in its Eurobond issues.