Gazprombank margin call reignites criticism of Japanese lenders
The row over Japanese banks allegedly undercutting their Western rivals in the central and eastern European loan market resurfaced this week, after Gazprombank asked its banks to slash the margin on a facility in syndication.
understands that Gazprombank is determined to match, or get tight to, the margin of that wanted by Russian rival Sberbank.
Sberbank is negotiating a three year loan of up to $1.5bn with a margin of between 150bp and 200bp.
Gazprombank launched its own facility, a $600m one
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