Ursa Bank casts net wide for new $50m loan
GlobalCapital, is part of the Delinian Group, DELINIAN (GLOBALCAPITAL) LIMITED, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 15236213
Copyright © DELINIAN (GLOBALCAPITAL) LIMITED and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Emerging Markets

Ursa Bank casts net wide for new $50m loan

A $50m loan for Russia’s Ursa Bank has been launched into syndication by Calyon, ICICI Bank, ING and RZB. The borrower’s debut deal in May last year, arranged by ICICI and Mashreq Bank, relied heavily on Middle Eastern banks. These are now having difficulty funding themselves in dollars, and their support has all but disappeared. The arrangers of the new loan have gone out to a wide group of participants, and the deal will be a good test of the appetite for Russian second tier bank paper. Read this story on the EuroWeek loans homepage today.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article