(Adds Unicredit to lender group, removes reference to
co-ordinator in paragraph 2)
By Sandrine Bradley
LONDON May 21 Russia's Norilsk Nickel
has chosen 13 lenders to provide a $2 billion loan which would
be used to help fund the company's dividend payments, banking
sources close to the deal said.
The group of international banks comprises Bank of America
Merrill Lynch, BNP Paribas, Bank of Tokyo Mitsubishi UFJ,
Barclays, Commerzbank, Credit Agricole, Deutsche Bank, ING,
Morgan Stanley, Nordea, SMBC, Societe Generale and Unicredit.
The unsecured five-year loan for the world's largest nickel
and palladium miner is priced at 175 basis points over LIBOR and
is unlikely to be sold down to additional banks, the sources
The deal is expected to be signed within six weeks, they
Norilsk Nickel declined to comment.
(Additional reporting by Alasdair Reilly in London and Polina
Devitt in Moscow; Editing by David Holmes)