Intesa talking to 15 banks about Rosneft loan syndication

By Bianca Boorer
01 Jun 2017

Intesa Sanpaolo has finally launched into general syndication a €5.2bn loan that it solely underwrote for the acquisition of a 19.5% stake in Rosneft by the Qatar Investment Authority and Glencore, after months of delay and reports that it might not happen.

A banker at Intesa confirmed on Thursday that a single phase general syndication had been launched last week. The facility will have a tenor of up to five years and the commitment deadline is intended to be in the first couple of weeks of July.

Around 15 banks have ...

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