MDM rolls on but outlook for Russian FIs still bleak

MDM Bank’s $175m syndicated loan, the first from a Russian financial institution this year, continued its strong showing this week, with about seven lenders having made firm commitments and more expected to join before books are closed today (Friday).

  • 02 Oct 2009
But many cautioned that Russian banks would still struggle to tap international debt markets. "It is very difficult. The environment is not friendly," Oleg Vyugin, MDM’s chairman, told EuroWeek at a VTB Capital investment forum in Moscow on Wednesday. "It’s not a question of negativity towards Russian banks ...

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