Suek launches as Gazprom-Neft gets ready for retail

Russia’s biggest coal miner, Suek, launched an $800m syndicated loan on Thursday, with bankers expecting it to benefit from lenders’ pent-up demand for commodities assets.

  • 15 Jul 2010

ING and Société Générale are co-ordinating the five year pre-export financing. Suek has invited lenders to commit $100m as bookrunners. The margin is understood to be about 350bp.

Depending how much is raised, a general syndication could be launched once the senior phase is completed. “At the moment it’s ...

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2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

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4 JPMorgan 53,381.65 156 7.61%
5 Credit Suisse 44,872.46 115 6.40%