Will Uralkali PXF deal bring Russian borrowers in from the cold this year?

摘要

Potash producer Uralkali's landmark four-year $530 million pre-export finance facility (PXF) could spark a string of fellow Russian borrowers in the international syndicated loans market this year. The deal was the company's first international loan facility since last June and the first international syndicated loan facility made available to a Russian company this year, according to Uralkali. The value of the deal, which has an interest rate of Libor plus 330 bps, is slightly larger than the $450 million unsecured club loan Uralkali signed last June but is dwarfed by previous loans.