Norilsk delays as eurozone woes take toll

The commitment deadline for the highly anticipated Norilsk Nickel $1.5bn pre-export finance transaction has been pushed back by up to 10 days as the final banks to join take extra time to evaluate their interest.

  • 02 Dec 2011

Commitments had been due by Friday, but increasing external pressure from the eurozone sovereign crisis has meant that the underwriters have given the banking group longer to make their decisions.

"I can’t really say it’s a concern," said a banker with knowledge of the deal. "The transaction has ...

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