Norilsk finds small seam as general draws to close

Russian metals and mining firm Norilsk Nickel is due to sign the general syndication stage of its $2.1bn loan imminently. Only two banks have joined the deal during general, after a highly successful senior stage.

  • By Michael Turner
  • 20 Sep 2013

Norilsk launched the loan into general at the beginning of June. The senior stage saw the loan oversubscribed and lenders scaled back after the borrower increased the deal from $2bn.

The general stage has largely been a relationship exercise, according to loans bankers from the senior group. Ticket ...

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