TNK-BP set to close PXF deal

July 22, 2009 12:00 am

Despite initial doubts it would pick up enough commitments, TNK-BP is set to close it pre-export financing loan by the end of this week, which will make it only the second corporate borrower from Russia this year to successfully tap the retail market. TNK-BP’s deal was launched at $315m but has received $600m-$700m of commitments. Read more on Friday at www.euroweek.com/loans

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