Russia
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The Hong Kong Stock Exchange has given Russian companies the nod to list depositary receipts on its main board. -
Russian companies are now allowed to list depository receipts in Hong Kong, according to an announcement from the city’s stock exchange.
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Russian mining company Norilsk Nickel is “completely pre-funded” for the next two years, its head of corporate finance told GlobalCapital.
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In a starved Russian loan market peppered with asset backed loans, three Chinese banks have lent a highly prized unsecured credit facility of Rmb4.8bn ($730m) to Russian mining company Norilsk Nickel. It is the latest sign of the increasing importance of Chinese money in a Russian economy increasingly squeezed by international sanctions and falling oil prices. Elly Whittaker reports.
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The Russian Ministry of Finance is living in a fantasy land if it thinks the IMF will have to reconsider its support of Ukraine under the Extended Fund Facility Agreement, according to analysts.
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The Russian Ministry of Finance is living in a fantasy land if it thinks the IMF will have to reconsider its support of Ukraine under the Extended Fund Facility Agreement, according to analysts.
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Private bank Otkritie has nearly completed a $185m one year loan, one of only a few international loans completed by Russian banks since the introduction of financial sanctions on the country by the US and European Union in late 2014.
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Metinvest’s restructuring saga looks set to continue well into 2016 after the Ukrainian lender asked investors for a waiver of default up to May 27, 2016.
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Sistema JSFC, the holding company of a Russian investment firm, has signed a $350m club loan with two Chinese banks.
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Russian fertiliser producer EuroChem has secured a €557m club loan for a subsidiary with the support of SACE, the Italian credit export agency.
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Russia's Ministry of Finance has initiated legal action against Ukraine over the latter’s failure to repay a $3bn December 2015 Eurobond. It also claims that the default breaches the terms of the International Monetary Fund’s Extended Fund Facility.
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Sovcomflot, Russia’s largest shipping company, has signed a $340m bilateral loan with Sberbank CIB. In previous years it regularly obtained syndicated loans from international banks.
