Russian pulp and paper producer Ilim Group has launched syndication to refinance a $500m mortgage, in accordance with bankers. The mortgage is among the final anticipated to be signed in Russia’s worldwide syndicated market this yr.
The prevailing mortgage is a 4 yr unsecured time period mortgage, signed in 2017. Mandated lead arrangers on it have been Intesa Sanpaolo and Raiffeisen Financial institution Worldwide.
Agricultural Financial institution of China, China Development Financial institution, Crédit Agricole, Industrial & Industrial Financial institution of China and Korea Improvement Financial institution joined as individuals.
Crédit Agricole is