Credit Bank of Moscow to launch syndication
Russia is continuing to open its doors to international lenders, with Credit Bank of Moscow seeking to launch a syndicated loan of $350m-$400m.
The Russian lender sent out a request for proposals (RFP) two weeks ago to its relationship banks for the financing, which has a maturity of one year and a bullet repayment.
A banker looking at the deal predicted this amount will increase as the deal has been oversubscribed.
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