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?

Quote

Some [credit] sanctioners might even start to learn about trade financing mechanisms and the difference between a bill of exchange and a bill of lading – who knows they may even realise that commodity financiers have a pretty good understanding of what risk and mitigation is all about!

Aidan Applegarth, independent banking consultant - Commodity banks bounce back - December 2009