EBRD, EIB and NIB fund Russian mobile operator

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02 July 2009

Russia’s MTS secures EBRD, NIB and EIB funding for its network expansion.

A total of Eu413 million international financial institution funding has been arranged for Russia’s Mobile Telesystems (MTS) by the European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB) and the Nordic Investment Bank (NIB).

The total comprises Eu218 million to be raised by the...

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Poll

Gazpromneft stunned the market this week when it was revealed pricing for their five-year $1 billion pre-export financing was rumoured to be just above 300 basis points over Libor. Is the deal likely to be a syndication success?

Yes - this seems like a sensible pricing benchmark, why not?

10%

No - are you crazy? These prices are ridiculous. What were these banks thinking?

29%

Yes - but for all the wrong reasons. A lack of other deals in the market, and the promise of future business with Gazpromneft will make it hard to ignore but don’t expect many to take up big tickets with this deal. There are much better deals out there.

62%