CBM joins legion of Russian FI borrowers

26 Sep 2012

Credit Bank Moscow has approached its lending group for a loan of up to $300m. The bank is the latest in a string of Russian financial institutions to approach the syndicated loan market for funding during the summer.

It has received feedback from lenders, who are now waiting on the terms of the one year deal.

“It’s hard to say how much they will raise at this point,” said a loans banker, adding that banks will probably commit right up until books are closed and the ...

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