Uralkali Record Merger Means Higher Debt Costs

Bloomberg.com reports that OAO Uralkali is dealing with higher borrowing costs.

The story is quoted as saying:

Uralkali said yesterday it plans to offer three-year ruble- denominated debt to pay for its acquisition of OAO Silvinit and may sell Eurobonds after the takeover is completed. The yield may be about 100 basis points higher than bonds of EuroChem, according to Dmitry Dudkin, a fixed-income analyst at UralSib Financial Corp. in Mosco

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