PetroVietnam Exploration wraps up $300m loan after pulling off increase

04 Jan 2013

PetroVietnam Exploration Production Corp closed syndication for its five year loan after attracting 17 banks at the end of last year, allowing it to push the deal to $300m.

The company, which had already got a $30m commitment from each of its seven bookrunners, proved happy to wait for months to give smaller lenders the extra time they needed to get approval for the loan. But after the last commitments came in, PetroVietnam was able to push ...

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