VTB Capital has successfully completed the first import post-pay financing facility in Russia with Sodrugestvo Group – a leading Russian soft commodities business.
The deal, worth a notional value of $75m, is the first physical agricultural transaction for VTB Capital Trading, based in Zug, Switzerland. The deal structure represents an innovative short-term working capital rolling facility for a Russian importer in the form of sale and purchase of soybean cargoes.
Atanas Djumaliev, Head of Global Commodities at VTB Capital, said: “We are delighted to announce this deal today with Sodrugestvo Group. It is a sign of confidence for us that the Global Commodities team is recognised as the partner of choice for Russian businesses with a global mandate. VTB Capital has differentiated itself in the current market environment by combining both our focused approach and expertise in both soft commodities and logistics operations.”
Alexander Shenderyuk-Zhidkov, CFO of Russia and CIS region at Sodrugestvo Group, said: “One of the key long-term objectives of the Group financial strategy is to find the best partners. VTB Capital’s professional team is one of the few global players who can meet these criteria. This deal is important for our group, and we are pleased VTB Capital is involved. This new facility will support our successful global expansion and soft-commodities trading offer."
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