First Tidal Acquisition Corp T.AAA

RE:Banks put Russian deals on hold

[sdomae]

Very interesting Jeremy. Thanks for posting. Hopefully this might hurt Uralkali even more. But who the he ll knows how the ruskies think. Pride always comes before rational thought. I wonder will they be squeezed on pricing by the Indians and Chinese even more if their bottom line continues to shrink. The Chinese are like vultures just circling and waiting. Some interesting economics developing in the potash world. But are prices going up or down remains to be seen.
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Potash producer Uralkali is seeking a US$500m refinancing.

“No one in their right mind is going to ring up a client now and say they are good for the money; the client doesn’t even expect that,” a second senior banker said.

Pricing on loans to Russian borrowers had been falling for the last 12 months as international banks showed renewed interest in the country, but it is now likely to rise after Russia’s moves in Ukraine, bankers said.

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