Uralsib repays as Russian funding drought continues

Russia’s Uralsib has repaid two outstanding syndicated facilities totalling $717m, as the international loan market remains closed to the country’s bank borrowers wanting to refinance their debt or raise new money.

  • 07 Jul 2009
The bank said it had repaid the deals with accumulated liquidity. Uralsib secured the one and two year transactions in 2007 and 2008. The borrower last tapped the market in July last year with a $313m deal, which was oversubscribed and increased from $150m. Emirates NBD, BayernLB, ING ...

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