"SGCIB, jointly with BSGV, acted as Co-Arrangers on USD 106.8m financing initially arranged by Merrill Lynch, to refinance the Red Whale Shopping centre, located in the close vicinity of Moscow, Russia. The Shopping centre, which develops a GLA of 18,615 sqm, enjoys a prime location and is fully occupied with a very granular tenant mix. , SG is acting as co-Arranger and co-Hedge provider and its participation amounts to c. USD 35.6m i.e. 33% of the whole transaction., This transaction constitutes a milestone on REL development in Russia for the following reasons:, It deals with the first transaction in Russia for CAFI/REL/SFA
It is a very successful first cooperation with BSGV and should enable CAFI/REL to develop further business alongside with BSGV
It allowed another very profitable cross selling opportunity with IFD."

SG CIB role: Co-Arranger Co-Hedge Provider