EM bankers eagerly await Tatneft and Gazprom Neft
Bankers are increasingly confident that Tatneft, the Russian oil group, will tap the loan market to refinance a $2bn facility due in July, easing concerns it would turn to bond investors or state-owned lenders instead.
"Theres definitely going to be a loan," said an emerging markets banker this week. "Theyre still deciding what size they want. Theyve changed their minds a few times first wanting less than $2bn, then more but theyll come out with something fairly soon."
Others said the borrower
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.