Russia Lenta mandates for 200 mln euro loan-source
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LONDON, July 17 (Reuters) - Russian retail chain Lenta has mandated ABN AMRO, Commerzbank and RZB to arrange a 200 million-euro ($275.9 million), three-year syndicated loan, a banking source said on Tuesday.
Proceeds of the deal will be used for refinancing and syndication will launch next week, the source told Reuters Loan Pricing Corp.
Lenta signed a debut 90 million-euro, two-year unsecured loan last year, which was increased from 75 million euros after an oversubscription.
That deal paid a margin of 280 basis points over LIBOR.
St Petersburg-based Lenta has 17 hypermarket stores and is building 12 more across the country.
