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 Sberbanks 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 ...