Commitments roll in for MDM as deadline is extended

28 Sep 2009

Lenders have until Friday (2 October) to join a $175m syndicated facility for Russia’s MDM Bank after the deadline for responses was extended from last week. The first deal for a bank borrower in the country to be launched this year has already picked up several commitments and about 10 are expected to join overall.

Between six and seven lenders have now come in with firm commitments, said one banker close to the deal, who was encouraged by the response so far. Invitations went out to just over 60 lenders, and 30 of those requested the information memorandum.

“It’s a good indication of ...

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