The loan is raised for over 3 years at LIBOR+0.6%. ABN Amro, Citibank and Bayern LB act as arrangers.
This is the first syndicated loan from Western banks that was raised by the oil company after its shift under Gazprom's control.
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Gazprom Neft Receives Syndicated Loan
Gazprom Neft, plans to receive the second tranche
Gazprom Neft, a subsidiary of Russian gas giant Gazprom plans to receive the second tranche of $280 million in July under the syndicated loan of $630 million.
The first tranche of $370 million was received on May 16.
The loan is raised for over 3 years at LIBOR+0.6%. ABN Amro, Citibank and Bayern LB act as arrangers.
Gazprom Neft will direct the raised funds to refinance its existing credit portfolio and to replenish current assets.
This is the first syndicated loan from Western banks that was raised by the oil company after its shift under Gazprom's control.
The loan is raised for over 3 years at LIBOR+0.6%. ABN Amro, Citibank and Bayern LB act as arrangers.
This is the first syndicated loan from Western banks that was raised by the oil company after its shift under Gazprom's control.
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