Rosneft signs $16.8bn loans for TNK-BP, but second half still to come

02 Jan 2013

Rosneft completed a $16.8bn chunk of its $33.75bn TNK-BP takeover facility late in December, but emerging markets loans bankers are still salivating at the prospect of the second portion of financing.

The Russian borrower signed $16.8bn of loans to finance the purchase of a 50% stake in TNK-BP from BP on December 21. The $4.1bn five year loan and $12.7bn two year facility was agreed with Bank of America Merrill Lynch, Bank of Tokyo-Mitsubishi UFJ, Barclays, BNP Paribas, Citi, ...

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