Russia’s Suek invites lenders to join pre-export financing
Banks have until the end of Tuesday to respond to a request for borrowing proposal from Russia’s largest coal exporter Suek. The company is seeking a $1bn-$1.5bn five year pre-export financing, according to loan bankers.
It will put together a group of senior lenders and may launch the transaction into general syndication in September. The borrower is hoping to refinance some older facilities, though probably not including the $900m five year pre-export financing deal it signed in October last year.
Last year’s transaction demonstrated
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