Sberbank may have to cut back as $2bn deal now ‘off the table’

Sberbank may have to set its sights lower on its current deal than its preferred $2bn as the Russian bank’s relationship lenders remain cautious about committing large dollar tickets. The $1.2bn facility from 2008 that the new deal will replace was repaid on Monday, but the borrower has still not been able to set terms on a new facility after sending out a request for proposals last month.