Mid-cap loans set to keep Russian market busy
New Russian borrowers such as electricity company OGK-1, titanium producer VSMPO-Avisma and European Bearing Corp are set to keep lenders busy this summer, after a bumper first half to the year. Although the transactions are on the small side — none exceed the $400m mark — and pricing is still rising, there are worries about lenders reaching country limits so the outcome of these transactions is expected to give bankers a taste of what September markets have in store for them. For more details on these deals and news on the Russian loan market, read EuroWeek online at www.euroweek.com/loans.
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