Evraz pushes limits to under-price Suek
Russian miner and steelmaker Evraz has appointed Deutsche Bank, ING and Royal Bank of Scotland as co-ordinators for a five year pre-export financing loan, bankers say. The deal will raise around $850m and at a margin of 280bp it could price tighter than that of fellow Russian miner Suek, which is paying 325bp on its $900m five year facility. Read EuroWeek on Friday to find out why Evraz prices tighter when Suek is the stronger credit.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts