Test for coal rule and Russian loan market as SUEK begins talks

Coal Fotolia 230x150
By Dan Alderson
02 Feb 2017

Siberian Coal Energy Company (SUEK) is set to test demand among banks for lending to Russia and their willingness to deal with the coal industry, given many lenders have rules prohibiting further investments in the sector.

SUEK drew high interest from banks this week as it became one of this year’s first borrowers from Russia to open talks for a loan. The coal miner held a bank meeting in Vienna on Monday, according to loan officials, and is aiming to obtain a large pre-export ...

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