Mozambique, one of the world’s poorest countries, paid $35 million in up-front “arrangement fees” for a $500 million loan organized by Russia’s VTB Bank, according to loan related documents reviewed by Reuters. In percentage terms – seven percent – the fees are several times what some bankers say is typically paid on such deals. The … Continue reading Reuters exclusive: Mozambique paid $35 million for VTB shipyard loan – documents