By Andrei Skvarsky.
Sberbank CIB, the newly set-up corporate and investment arm of Sberbank, Russia’s biggest lender, has extended a three-year $1bn loan to Belarussian potash fertilizer producer Belaruskali.
The purpose of the loan is to enable Belaruskali to refinance a one-year $1bn syndicated bridge loan received by it from Sberbank and Eurasian Development Bank last November, Sberbank CIB said.
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