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SUEK – pre-export financing

02 March 2011

Defying the market

Siberian Coal Energy Company’s (SUEK) pre-export financing (PXF) is a good example of how stable structured commodity financings can be even during difficult challenging business climates. The $900 million PXF done for the major Russian coal producer was not only one of the few new transactions in the metals and mining sector in Russia since the crisis but the company defied the market to lock in record figures in commitments for its financing. The firm aptly demonstrated its ability to tap the medium-term debt market, securing a five-year loan thanks to its resilience to...


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