LPC-Russia's Tenex nets $300 mln loan-bankers

May 1, 2015 12:10 PM

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LONDON May 1 (Reuters) - Three European banks have committed extra capital to fulfill an accordion facility agreed as part of a $300 million pre-export loan financing signed with Russian nuclear firm Tekhsnabexport(Tenex) in January, banking sources said.

Deutsche Bank and Societe Generale signed the three-year loan with Tenex in January with the aim of raising up to $300 million, according to three banking sources. The agreement comprised a $150 million term loan and a $150 million accordion feature paying 385 basis points (bps) over Libor, one of t...

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