Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

33516

BCS Global Markets UK provides USD50m financing for SUEK

RELATED TOPICS​

BCS Primebrokerage Limited, a London brokerage service provider of BCS Global Markets (BCS), has joined a syndicate of international banks as creditor in the up to USD800 million Pre-Export Finance Facility of SUEK LTD, a Russian energy and coal company.

BCS Primebrokerage Limited, a London brokerage service provider of BCS Global Markets (BCS), has joined a syndicate of international banks as creditor in the up to USD800 million Pre-Export Finance Facility of SUEK LTD, a Russian energy and coal company.BCS is behind USD50million of the total up to USD800million of the current financing round, which will contribute towards SUEK LTD business development and sustainability agenda. BCS’s USD50million component of the transaction was spearheaded by BCS’s Corporate Banking division and co-CEO Aleksey Gonus.

As one of the world’s largest suppliers of coal energy, part of SUEK LTD mission is to overcome energy poverty and stimulate economic development, whilst ensuring coal mining is conducted in a compliant and sustainable way.
 
In its role as creditor, BCS has utilised its unique blend of knowledge of both Russian and international markets, drawing on its network and market expertise of leading energy analysts, to inform and advise SUEK LTD on this latest round of fundraising.
 
Aleksey Gonus, co-CEO of BCS Global Markets, says: “Corporate Banking is a key and growing strength at BCS, and this deal is testament to our ability to take advantage of our local Russia market and energy sector expertise, and, our international network and footprint in completing this deal via our regulated UK prime brokerage operations. We are delighted to support SUEK LTD with their global development and expansion plans and we look forward to continuing our successful collaboration.”
 
As a leading driver of change in the coal industry, SUEK LTD sustainability initiatives are transforming the sector into a more sustainable, safe, responsible, and efficient energy supply. The company’s sustainability principles are is aligned to the UN Sustainable Development Goals, the principles of the UN Global Compact, the provisions of the Social Charter of Russian Business, and the international standards ISO 26000 and GRI.

Latest News

MSCI has launched MSCI AI Portfolio Insights, writing that it combines generative artificial intelligence “GenAI”..
The Capgemini Research Institute’s World Wealth Report 2024, published today, reveals the number of high-net-worth..
New research from cloud security firm Zscaler reports a disconnect between European company confidence in..

Related Articles

graph
The exodus from hedge funds continues with investors questioning unswayed by relatively strong performance from the alternative asset class...
The exodus from hedge funds continues with investors questioning unswayed by relatively strong performance from the alternative asset class...
Waves
A joint statement from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management has been published, entitled The urgent need for better ocean-related data to make informed investment decisions...
A joint statement from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management has been published,..
Frozen soap bubble
From the end of this month, the UK’s Sustainability Disclosure Requirements (SDR) regime comes into force which the Financial Conduct Authority says has a simple aim: “Financial products that are marketed as sustainable should do as they claim and have the evidence to back it up.”..
From the end of this month, the UK’s Sustainability Disclosure Requirements (SDR) regime comes into force which the Financial Conduct..
Global ESG Investing
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of climate change and ESG factors in state policymaking...
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by