Press Release

Morgan Lewis Advises Sberbank Europe AG on its Debut Syndicated Loan Facility

March 27, 2014

LONDON, March 27, 2014: Sberbank Europe AG, the Vienna, Austria-based subsidiary of Sberbank of Russia, has today announced the signing of its debut syndicated term loan facility for EUR 350 million equivalent. The loan has a tenor of 364 days with bullet repayment and carries a margin of 60 points over EURIBOR.

A number of major international banks from the U.S., Europe and Japan joined the loan facility, which was oversubscribed at the senior syndication phase, and was successfully launched into general syndication in February 2014.

Morgan Lewis advised Sberbank Europe AG on the transaction. The team was led by Business and Finance partner, Bruce Johnston, who was joined by Business and Finance partner Grigory Marinichev and associate Michaela Schmiederova.

“The loan is important because it is the first major loan to a Russian state-owned company since the crisis in Ukraine,” Bruce Johnston stated. “It demonstrates the confidence of the international banking community in Sberbank.”

For further information about the transaction, please see Sberbank’s press release here.