PSB opens Russian FI loans with $250m signing
Promsvyazbank (PSB) has signed a $250m EBRD ‘A/B’ facility, becoming the first Russian financial institution to tap the syndicated loan market this year.
The borrower, rated Ba2/B/B+ and Russian’s 10th biggest bank by assets, is paying a margin of 275bp for its $150m one year ‘B’ tranche and an all-in of 430bp, EuroWeek understands. Eleven banks committed to this part of the loan on a clubbed basis. They were: Commerzbank, Credit ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com