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  22.05.2008Euroweek:"Banks get connected to $344m facility for Ukraine’s Interpipe"
Banks have been signed into a $344m facility for Ukrainian steel pipe manufacturer Interpipe. Barclays Capital was the sole bookrunner and mandated lead arranger, while Citigroup was an mandated lead arranger.
The deals follows a $187m pre-export financing the borrower completed at the end of last year - proceeds of both transactions will finance the construction of steel mill in Dnepropetrovsk, in eastern Ukraine. The $344m deal has a 10.5 year tenor and pays a margin of 378bp. The borrower’s last $187m deal paid a margin of 225bp, and was more than 50% oversubscribed. , Euroweek
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