Russian corps in loan market ‘as if Covid or sanctions don't exist’

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By Mariam Meskin
29 Mar 2021

Russian borrowers are swarming the loan market despite a broader decline in emerging market loan volumes. Borrowers are pushing for tighter margins and longer tenors, as they grapple with the effects of the Covid-19 pandemic and fresh US sanction threats.

A number of Russian corporates are in the international syndicated loan market with deals or have launched requests for proposals (RFPs), as they seek to raise cash from lenders on competitive terms. Club loans continue to be an attractive structure for some Russian borrowers that have a well-established ...

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