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Metinvest – pre-export financing

02 March 2011

The Ukrainian market beater

Metinvest’s pre-export financing (PXF) last year which was coordinated by Deutsche Bank, also acting as bookrunner, facility and security agent, was a syndications blockbuster. It attracted a huge oversubscription despite the limited market appetite for Ukrainian risk as the country experienced economic and political uncertainty. Despite the volatility in steel prices when the deal launched it received impressive levels of contributions from banks increasing in size to become the largest loan facility secured by a Ukrainian private sector...


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