Lukoil to sign $1.5bn Conoco deal next week, while TNK-BP rises to $2bn

Lukoil, Russia’s second biggest oil producer, is set to sign a loan of roughly $1.5bn next week to finance the buyback of its own shares from ConocoPhillips.

  • 05 Aug 2010

Bankers close to the deal, which Citi is co-ordinating, said it is expected to be signed on Tuesday, August 10.

The borrower, rated Baa2/BBB-/BBB- and one of Russia’s strongest credits, having made Ebitda of $13.5bn last year, has put the one year unsecured facility together in only the last ...

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2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

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5 Credit Suisse 41,545.25 126 5.59%