Suek signs $900m PXF after lacklustre general syndication
Russia’s biggest coal miner, Suek, signed its $900m five year pre-export financing on Tuesday, although the demand in general syndication may not have matched the success of the senior phase.
It is unclear how much was raised in syndication and whether the MLA commitments, which had been scaled back to $58m from $100m before the retail phase, were increased again to reach the $900m target.
Nonetheless, bankers on the deal were satisfied. "It went very well, were happy that
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