Nord Stream on brink of mandating

November 11, 2009 12:00 am

A Eu3.9bn loan for the Nord Stream gas pipeline, the highest-profile project finance deal from Europe this year, is expected to be mandated by the end of the week. Lenders had to reply to the revised terms by last Friday and bankers close to the deal were confident of a strong response. “I’d be astonished if the banks don’t all accept the final pricing because, frankly, it’s good,” said one.

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