Eager lenders wait for call from Russia’s Suek as senior banks on five year deal finalised

Suek, Russia’s largest coal exporter, is expected to have put its senior bank group together by Friday, according to bankers waiting to hear from the borrower. It is seeking a pre-export financing deal totalling between $1bn and $1.5bn.

  • 12 Aug 2011

The pricing on the five year loan will show whether loans bankers are beginning to push back on the compression in margins for Russian lenders in response to higher dollar funding costs.

The margin will be lower than the 325bp margin Suek paid for its $900m five year loan ...

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