Russian FIs and TNK-BP buyout gives EM lenders volume hopes for Q4

05 Oct 2012

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.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.