Uralkali gets $850m despite new US sanctions
Russian potash company Uralkali signed a $850m pre-export finance facility with 11 banks on Wednesday, showing that investor appetite for the country remains strong despite the US enforcing more sanctions.
The facility has a tenor of five years and is priced at 220bp over Libor. It will be used to refinance the company’s previous loans and for general corporate purposes.Commerzbank
, Crédit Agricole
, ING, Natixis
, Société Générale
’s Russian subsidiary, Rosbank, and UniCredit
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