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  • A second bank from the inner circle of Russian fertiliser producer EuroChem’s lending group has turned its back on the borrower’s latest loan because the pricing was deemed too low. But banks left in the deal claim that the loan target has already been hit.
  • Oil trader Gunvor has signed oversubscribed loans totalling $900m, including the debut syndicated loan for its Middle Eastern arm.
  • Oil trader Gunvor has signed oversubscribed loans totalling $900m for its Middle East and German operations.
  • Russian potash producer Uralkali has chosen four bookrunners for a bond deal, said debt bankers. But the company’s recent announcement that it will leave a joint venture with Belarusian Potash Company has caused sharp losses across the fertilizer sector in both bond and equity markets. Any prospective deal will have to wait until after the fallout has cleared.
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    Russia's Gazprombank has issued a request for proposals for a new $500m three year deal.
  • After a very successful senior stage, Russian metal and mining firm Norilsk Nickel is close to finalising general syndication of its $2.1bn loan — a phase that has so far seen only one more bank join the deal.