Market hungry for Ukraine’s Kernel PXF

Ukrainian agricultural group Kernel signed a pre-export financing for over $260m on Wednesday, extended from the original RFP figure of $230m after the offering proved popular in general syndication.

  • 13 Aug 2010

The deal was led by ING and UniCredit as co-ordinating lead arrangers and is split into two portions. The export-related tranche pays a margin of 475bp while the local-related portion pays 600bp.

The margin for the export-related tranche is less than the 550bp paid by mining company Metinvest, ...

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