MDM sets highest all-in price at 600bp

03 Sep 2009

MDM Bank is offering three ticket levels for all-in margins ranging between 560bp over Libor and 600bp over on the $175m facility that it launched on Wednesday evening. The deal is set to test the market as the first syndication for a Russian bank borrower this year.

Potential participants said on Thursday that it was still unclear how these pricing levels would be received by lenders, as there have been no other benchmark facilities this year.

One banker away from the deal added that several months ago, when MDM began negotiations with potential deal arrangers, ...

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