Published 2020-07-01
“…In this article the following types of financial instruments available to Russian corporate borrowers in the
syndicated loans and eurobonds markets are considered: bridge loans, revolving credit facilities, terms and pre-export loans,
project finance; bonds with one/several tranches, ruble-denominated eurobonds, benchmark and long-term bonds.
Syndicated loans and eurobonds are complex financial instruments available for corporations with the following profiles: (1) leading 1st and 2nd tier and companies with a track-record of raising international financing; (2) industry leaders (top-5 by market share) with annual revenue exceeding USD 500 mln; (3) companies with a significant share of export operations and foreign currency revenue that is required for the payment of interest and principal amounts of the loans and bonds; (4) borrowers and issuers with credit ratings from the international rating agencies; (5) companies with audited accounts prepared in accordance with IFRS. …”
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