VEB in final stages as banks hail ‘generous’ pricing

Russia’s Vnesheconombank is close to obtaining a syndicated loan that could total as much as $1bn, after it sent banks final pricing terms on Monday for a three year deal.

  • 17 Nov 2009
The state-owned development bank, rated Baa1/BBB/BBB, the same as the sovereign, has asked its relationship lenders to commit between $75m and $25m. It has offered a margin of slightly under 400bp. “That’s generous,” said a loans banker close to the facility, which Barclays Capital is coordinating. “It’s the ...

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