Global Capital – Top Russian borrowers will find a way
This week’s edition of Global Capital made me smile. At a time when the media is focused on the widespread reticence for doing deals with Russia, this article shows banks are always prepared and always willing to make money from any situation! Apparently the West hasn’t done a deal with the “wobbly” Russian bond market for over a month. Yet VimpelCom, Russia’s third largest phone company, has just received a credit facility worth almost $1.8bn from several international banks. The media should report more on how companies are bucking the trend!