SDS Ugol digs deep to close underwritten deal

One of the few underwritten Russian deals in 2010, a $150m loan for SDS Ugol, Russia’s third biggest coal exporter, has been closed oversubscribed.

  • 15 Dec 2010

The $150m five year amortising pre-export financing was fully underwritten by BNP Paribas and raised just under $200m for the borrower. It may take an increased total.

The facility has a graduated margin structure which means that the pricing increases over time. The margin in the first year is ...

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