European banks determined to lift Russian pricing but borrowers mull postponing
European banks are digging in to push up the pricing on Russian loans by 50bp-100bp, said market participants this week. But some warned that this will lead to a delay in deals being signed.
Smaller deals of "a few hundred million" are being looked at in Russia, and banks have remained firm on higher margins, said a senior loans banker, who added that the lack of French banks returning to the market has helped nudge pricing upwards.
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