Perspective
01 May 2017
Russian pre-export: Debt costs and covenants lighten
Region:
Europe
With the imminent closing of a spate of refinancings, negotiations over pricing and terms on major deals in Russia’s PXF pipeline for H1 2017 appear to be reaching a conclusion. Indications are that pricing benchmarks have fallen and covenants loosened – a debt market backdrop that could yet improve further for borrowers in H2 2017.
