Norilsk Nickel advances to unsecured borrowing, moves away from PXF facilities

23 May 2013

Russian metals and mining firm Norilsk Nickel has asked lenders for its new $2bn five year facility to be unsecured, as the firm tries to move away from pre-export finance (PXF) facilities.

The banking group is made up of Bank of America Merrill Lynch, Bank of Tokyo-Mitsubishi, Barclays, BNP Paribas, Commerzbank, Crédit Agricole, Deutsche Bank, ING, Morgan Stanley, Nordea, Société Générale, Sumitomo Mitsui Banking Corporation and UniCredit.

Norilsk Nickel has also received some reverse inquiries, as a dearth of deals in ...

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