X5 mandates loan at last but bankers snipe as Russian deal spate looms
The $1bn-plus syndicated loan for X5 Retail Group, the Russian supermarket group, remained shrouded in uncertainty this week, although EuroWeek understands that the mandate has been signed after three months of discussion.
Last week it emerged that two of the seven banks verbally mandated to lead the facility, ABN Amro and WestLB, had dropped out.
Bankers are watching the situation avidly, conscious that at least $30bn of Russian corporate loans are set for launch early in 2008, and that in the
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