Gazprom Neft to sign loan on Friday, increase predicted
Russian oil company Gazprom Neft is due to sign its new money loan this Friday. Lenders away from the lead expect the final amount to be increased from its $1.5bn launch size.
Gazprom Neft is self-arranging the deal. Commerzbank is responsible for documentation.
The borrower, rated Baa3/BBB-, priced its deal at 150bp over Libor. This is the same margin that Spanish utility Gas Natural (Baa2/BBB/BBB+) paid for a
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