Uralkali gets $850m despite new US sanctions

US v Russia
By Bianca Boorer
17 Aug 2017

Russian potash company Uralkali signed a $850m pre-export finance facility with 11 banks on Wednesday, showing that investor appetite for the country remains strong despite the US enforcing more sanctions.

The facility has a tenor of five years and is priced at 220bp over Libor. It will be used to refinance the company’s previous loans and for general corporate purposes.

Commerzbank, Crédit Agricole, ING, Natixis, Société Générale’s Russian subsidiary, Rosbank, and UniCredit were ...

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