Uralkali picks bookrunners but break with Belarus puts bond plans in doubt
Russian potash producer Uralkali has chosen four bookrunners for a bond deal, said debt bankers. But the company’s recent announcement that it will leave a joint venture with Belarusian Potash Company has caused sharp losses across the fertiliser sector in both bond and equity markets. Any prospective deal will have to wait until after the fallout has cleared.
The borrower has chosen Bank of American Merrill Lynch, Goldman Sachs, Sberbank and VTB to manage the deal, said bankers away from the transaction.
Syndicate officials at those banks declined to comment or could not be reached.
This is the same line-up Uralkali opted for with its last
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