Norilsk Nickel wants another loan straight after last criticised

Russian mining group Norilsk Nickel is seeking a new $1.5bn loan, its biggest ever, EuroWeek has learned, only seven weeks after signing a loan for $450m that was criticised as aggressively priced.

  • 05 Apr 2007

The world’s biggest nickel producer, controlled by Vladimir Potanin, has invited banks to bid for mandates on the new $1.5bn financing, an 18 month bullet loan.

"The question is whether banks have the capacity for this, so quickly after the last deal," said one banker away from the ...

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