Syndicated Loans

Since 2001, NOMOS has succeeded in obtaining funding in the international markets, having raised ten syndicated loans in the aggregate principal amount of US$ 900 million. Seven of NOMOS’ syndicated loans have been duly repaid and three are currently outstanding.

Starting with a debut US$ 17 million Gold Secured Short-Term Syndicated Loan Facility in 2001 NOMOS-BANK has managed to raise a further five purely gold-related syndicated loans. Each of these facilities was significantly oversubscribed and operated in accordance with the facility documentation. None of the Russian gold producers have failed to meet their respective gold production/delivery obligations towards the Bank.

In August 2005, NOMOS also raised its first US$ 80 million unsecured syndicated loan facility. Pursuant to the conditions of the facility agreement the US$ 80 million loan was extended in July 2006 in the same amount with a noticeably lower margin.

In September 2006, NOMOS received US$ 40 million as proceeds from a club syndicated loan aimed at investors in Asia and the Middle East which was recently repaid in September 2007.

In December 2006, NOMOS closed a US$ 60.5 million Syndicated Schuldschein transaction.

On 23 March 2007 a new gold-related debt facility for NOMOS-BANK was signed in Moscow, it was launched at US$ 100 million and was considerably oversubscribed and increased to US$ 185 million. NOMOS recently successfully raised US$ 150 million Syndicated Term Loan Facility which was signed in September 2007. This facility was a two-tranche transaction and allowed banks to commit to tenors of one and two years.

In May 2008, NOMOS raised a US$ 135 million gold-related syndicated loan facility.

The deals that were closed previously are as follows:

Amount: $150,000,000
Type: unsecured trade-related dual-tranche syndicated facility
Number of lenders: 22 financial institutions
Disbursed: September 2007
Tranche A:
Amount: $51,000,000
Tenor: 1 year
Repaid: September 2008
Tranche B:
Amount: $99,000,000
Tenor: 2 years
Repaid: September 2009

Amount: $135,000,000
Type: unsecured gold-related syndicated loan facility
Number of lenders: 24 financial institutions
Disbursed: May 2008
Repaid: May 2009

Amount: $40,000,000
Type: Schuldscheindarlehen
Number of lenders: 8 financial institutions.
Disbursed: December 2007
Repaid: December 2008

Amount: $47,500,000 + €5,000,000
Type: Unsecured syndicated club deal
Number of lenders: 6 financial institutions.
Disbursed: November 2007
Repaid: November 2008

Total Amount: $185,000,000
Type: unsecured gold trade-related dual-tranche syndicated facility
Number of lenders: 22 financial institutions
Disbursed: March 2007
Tranche A:
Amount: $91,750,000
Repaid: March 2008
Tranche B:
Amount: $93,250,000
Repaid: September 2008

Amount: $60,500,000
Type: Schuldscheindarlehen
Number of lenders: 15 financial institutions
Disbursed: December 2006
Repaid: December 2007

Amount: $80,000,000
Type: Unsecured trade related syndicated loan facility
Number of lenders: 24 financial institutions
Disbursed: July 2005
Extended: July 2006
Repaid: July 2007

Amount: $40,000,000
Type: Unsecured syndicated club deal
Number of lenders: 9 financial institutions
Disbursed: September 2006
Repaid: September 2007

Amount: $150,000,000
Type: Secured trade related syndicated loan facility
Number of lenders: 33 financial institutions
Disbursed: December 2005
Repaid: December 2006

Amount: $100,000,000
Type: Secured trade related syndicated loan facility
Number of lenders: 18 financial institutions
Disbursed: December 2004
Repaid: December 2005

Amount: $64,000,000
Type: Secured trade related syndicated loan facility
Number of lenders: 15 financial institutions
Disbursed: December 2003
Repaid: December 2004

Amount: $47,000,000
Type: Secured trade related syndicated loan facility
Number of lenders: 11 financial institutions
Disbursed: December 2002
Repaid: November 2003

Amount: $17,000,000
Type: Secured trade related syndicated loan facility
Number of lenders: 6 financial institutions
Disbursed: December 2001
Repaid: November 2002