Norilsk Nickel overcomes Eurozone woes to close $1.5bn PXF ‘symbolically oversubscribed’
Russian mining and metals firm Norilsk Nickel has closed syndication of its $1.5bn five year pre-export finance facility, with bankers describing it as ‘symbolically oversubscribed’. The borrower achieved its target despite unexpected declines from some banks as deteriorating economic conditions hit lenders during the deal’s selldown.
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