SDS Ugol offers chunky margin in syndication

Syndication on a deal for Russia’s third biggest coal exporter, SDS Ugol, will close before the European market shuts down over the Christmas period.

  • 10 Dec 2010
The $150m five year amortising pre-export financing has a margin structure that means that the pricing increases over the lifetime of the facility. The margin in the first year is 350bp, rising to 375bp in the second, 400bp in the third, 420bp for the fourth and 440bp in ...

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