SG CIB acted as the arranger and bookkeeper for an export pre-financing arrangement of USD 2,000m for Tatneft. The deal consists of a three-year tranche for the amount of USD 800m, a five-year tranche for USD 1,000m and a seven-year tranche for USD 200m. The purpose of the transaction is to refinance the balance of an existing loan of USD 2,000m that was granted in 2007 to fund the construction of a new Taneco refinery and to meet requirements of ongoing activity.

Tatneft, the sixth-largest producer of Russian oil, which is 36% owned by the Republic of Tatarstan (Russian Federation), is a key economic player in that region.