Metalloinvest signs biggest Russian PXF since crisis

BNP Paribas and Deutsche Bank closed a $3.1bn five and seven year loan for Russian miner Metalloinvest and its subsidiaries Lebedinskiy GOK, OEMK and JSC Holding Company. It is the largest pre-export financing deal from the country since the financial crisis.

  • 08 Apr 2011

The deal launched at $1.2bn and was increased after it was almost three times covered in syndication. The margin, linked to the company’s leverage ratio, will be 225bp over Libor, based on its financial results for 2010.

"The deal is a true indication of the kind of support corporates ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Corporate access

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

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 120,318.45 348 12.72%
2 Bank of America Merrill Lynch 104,269.08 299 11.02%
3 Wells Fargo Securities 88,761.07 266 9.38%
4 JPMorgan 69,240.12 209 7.32%
5 Credit Suisse 51,560.77 157 5.45%