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GC Asia
Slavneft signs, but looking to tap for more
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.
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