EuroChem seeks unsecured $1bn at PXF price

Russian mineral fertiliser producer EuroChem is pushing for an unsecured structure on its latest loan but wants to keep the 180bp margin it has paid for pre-export finance (PXF) deals. Loans bankers argue the level is overly ambitious, but the return of French banks to the Russian market together with a dearth of deals means borrowers can get aggressive with their pricing.

  • By Steven Gilmore
  • 11 Jul 2013

EuroChem has sent out a request for pricing on a $1bn five year facility, said bankers familiar with the deal. It gave these banks until July 1 to reply but extended that deadline to allow some banks more time to respond, said a loans banker last week.

“The ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access:

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.

New! GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 7,029 20 10.95
2 Bank of America Merrill Lynch (BAML) 6,703 19 10.45
3 JP Morgan 4,776 10 7.44
4 Credit Suisse 4,718 9 7.35
5 Deutsche Bank 4,262 13 6.64

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Oct 2016
1 Wells Fargo Securities 67,591.81 167 11.54%
2 Bank of America Merrill Lynch 57,568.62 162 9.83%
3 JPMorgan 55,390.36 159 9.46%
4 Citi 55,051.46 160 9.40%
5 Credit Suisse 43,756.73 120 7.47%