Russians stick to loans, Uralkali refis PXF

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By Mariam Meskin
02 Jun 2020

Uralkali, the Russian potash fertiliser producer, signed a $665m pre-export facility (PXF) with a consortium of international banks, as lenders say that Russian borrowers seeking funding are finding pricing remains the main point of contention with lenders.

The deal has a tenor of five years, and one lender said the facility could be increased to $1bn if the borrower requires. The extra cash could be provided by new or existing lenders, but most likely the former. 

Mandated lead arrangers and bookrunners were Bank of China, Crédit ...

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