Syndicated loan: Oyu Tolgoi, 3B, 12.2015 (700 mln)

Loan information

LoanOyu Tolgoi, 3B, 12.2015
CountryMongolia
StatusGranted
Type of placementSyndication
AmountUSD 700,000,000
Margin***
Calculated rate at closing of syndication***
Signing dateDecember 2015
Tenor***
Maturity date***
Mandated lead arrangers (MLAs)***
Other members of the syndicateIntesa Sanpaolo, ANZ, Societe Generale, Credit Agricole SA, KfW, Bank of Tokyo-Mitsubishi UFJ, Standard Chartered Bank, HSBC, National Australia Bank (NAB), SMBC, ING, Natixis, CIBC
Purpose of loanProject financing
Purpose of loandevelop the world’s largest undeveloped copper and gold deposit in the South Gobi region of Mongolia
Loan with participation of international organizationYes
Type of loanTerm loan
Additional informationLoan is priced at Libor plus 2.65% pre-completion, rising to Libor plus 3.65% post-completion.
Collateral and guaranteesThe Multilateral Investment Guarantee Agency (Miga) provided political risk insurance for the commercial banks.
Investment banks******

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Syndicated loans

Loans Volume, mln Status
Oyu Tolgoi, 1A, 12.2015 800 USD Granted
Oyu Tolgoi, 2.1, 12.2015 900 USD Granted
Oyu Tolgoi, 4В, 12.2015 1,600 USD Granted
Oyu Tolgoi, 3B, 12.2015 700 USD Granted
Oyu Tolgoi, 2.2, 12.2015 400 USD Granted
Oyu Tolgoi, 03.2015 200 USD Redeemed

Issuer

IssuerOyu Tolgoi
Full issuer nameOyu Tolgoi LLC
RegionAsia (excl. Japan)
CountryMongolia
Websitehttp://ot.mn/
Issuer profileOyu Tolgoi is a copper-gold mine in the South Gobi region of Mongolia, approximately 550 kilometres south of the capital Ulaanbaatar. It holds one of the largest undeveloped high grade copper deposits...
IndustryNon-ferrous metals