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Nordea Bank Expands Cooperation with ROSATOM

Published 09 November 2015 | By TENEX

As part of its strategic partnership with State Atomic Energy Corporation ROSATOM, Nordea Bank has signed up for a new pre-export syndicated loan facility for TENEX, a member company of the Corporation.

The portion provided by Nordea Bank totals USD 75 mln. The loan has a term of three years, with the attracted funds intended to be used for general corporate purposes, including trade financing and refinancing the existing debt.

In March 2015, Nordea Bank also furnished TENEX with a loan worth USD 100 mln under an agreement made previously and issued a bank guarantee for USD 69.5 mln to TENEX's Germany-based subsidiary INTERNEXCO GmbH.

The completion of these transactions is yet another step in expanding cooperation between State Corporation ROSATOM and Nordea Bank for many years.