Russian market-opener MDM finalises pricing

27 Aug 2009

Arrangers of a $175m facility for MDM Bank, the Russian privately-owned lender, are fine-tuning details on fees and tickets this week as the deal nears launch in early September. The five lead banks, mandated on Tuesday, will be testing the loan market’s appetite for Russian bank risk in the first such syndication this year.

Structured as an A/B loan under the IFC’s umbrella facilities, the $175m one year ‘B’ tranche will come to market as soon as the borrower and its bank and supranational lenders agree on the final terms and syndication strategy.

The IFC is also providing an additional $35m ‘A’ loan, ...

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