Gazprom Neft signs $2.15bn self-arranged loan with delayed start

By Olivier Holmey
03 Dec 2013

Russian oil company Gazprom Neft has signed its $2.15bn new money amortising loan, whose five year maturity will begin when the loan is first drawn. The unsecured loan was self-arranged.

Gazprom Neft requires the approval of its board of directors to draw the debt, and does not expect to use the money until next year. The loan will mature five years after that first utilisation.

The facility closed on Friday at a margin of 150bp, the same that Spanish ...

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