Slavneft signs, but looking to tap for more

07 Oct 2012

Russian oil firm Slavneft has closed a $500m three year loan from seven lenders, but is expected to add up to $200m more to the facility in a second round of financing, said loans bankers.

ING co-ordinated the loan. It was joined in the first round by BNP Paribas, HSBC, Nordea, Raiffeisen Bank International and its Russian arm Raiffeisenbank ZAO, and UniCredit.

A second wave of financing from new lenders is expected close by the end of the year, bankers added.

“It’s hard to ...

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