Suek braves volatility to re-enter market

Coal mining from Adobe 230x150
By Mariam Meskin
19 Mar 2020

Siberian Coal Energy Co (Suek) is seeking financing from lenders, according to two market sources. The borrower is braving lenders' wariness about coal companies, which last year weighed on demand for a Suek loan, and the global volatility caused by the spread of the Covid-19 virus.

Suek is seeking a pre-export finance facility, according to bankers familiar with the borrower.

It was most recently in the loan market last summer, when it tried to refinance a $1.5bn syndicated loan. However, during the syndication process bankers revealed that it was not expected to roll over the ...

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