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BP offers Angolan, Azerbaijani PXFs in $5bn loans push

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BP launched $5bn of separate but coordinated loans into syndication on Monday as the embattled oil firm raises finance following the oil spill in the Gulf of Mexico. The company’s Angolan and Azerbaijani subsidiaries launched the pair of pre-export financings into syndication with a fee structure that incentivises bank lenders to join both deals.

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