Will Rosneft set a bad example?
Rosneft’s bankers are in for a white-knuckled fortnight. The Russian oil firm is thought to be mulling the idea of slashing the terms of its record breaking $31bn TNK buy-out loan that it signed in January. What is a good opportunity for Rosneft is yet more pain for EM loan bankers. But will pushing banks too far reap any benefits for borrowers in the long term?
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