Socar signs for new borrowing base line

31 Jan 2013

Socar Trading (STSA), part of the State Oil Company of Azerbaijan Republic, has signed a new $450m borrowing base facility to be used by STSA and Socar Trading Singapore.

The new uncommitted one year loan, led by Rabobank as co-ordinator and bookrunning mandated lead arranger, was increased from a planned $400m after it was oversubscribed. BNP Paribas and ING were bookrunners on the deal, while Citi was a mandated lead arranger. Arab Petroleum Investments Corp and RBI ...

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