GC Asia
Russian FIs and TNK-BP buyout gives EM lenders volume hopes for Q4
Russia’s largest bank Sberbank has given lenders until October 24 to respond with proposals for its $1.5bn three year facility as a spate of deals under discussion in the country has brightened fourth quarter prospects for emerging market lenders.
Barclays is closely linked to Sberbank’s dollar-denominated deal, said two bankers.
The Russian bank approached its lending group in August for the loan and is looking to replicate the 150bp pre-fee margin it got on its $1.2bn November 2011 deal.
"[The margin] is pretty tight," said a loans banker. "But ...Please take a trial or subscribe to access this content.
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