Norton Rose and Baker Botts have taken lead roles on a major finance transaction which has seen Siberian Coal Energy Company (SUEK) secure a five-year loan facility worth $1.3bn (£813m).

Baker Botts’ London office acted for SUEK, Russia’s largest coal producer and a regular client of the Texas-based law firm, while Norton Rose advised a 16-bank syndicate led by UniCredit and ING.