Gazprombank hires for year’s first Russian FI deal
Gazprombank is the latest Russian borrower to approach banks for a new deal as the long awaited revival of the country’s loan market begins to pick up pace for the second half of the year.
The third largest bank in Russia, rated B1/BB+, has hired SMBC to co-ordinate a $600m one year deal. The loan is at pre-mandate stage, though bankers are hoping to close it by the end of July.
"Its a good credit and there have been no commercial Russian financial
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