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Evraz pushes limits to under-price Suek

05 Oct 2010

Russian miner and steelmaker Evraz has appointed Deutsche Bank, ING and Royal Bank of Scotland as co-ordinators for a five year pre-export financing loan, bankers say. The deal will raise around $850m and at a margin of 280bp it could price tighter than that of fellow Russian miner Suek, which is paying 325bp on its $900m five year facility. Read EuroWeek on Friday to find out why Evraz prices tighter when Suek is the stronger credit.

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05 Oct 2010