'Creative' loans would easily cover Rosneft’s jumbo TNK-BP takeover, bankers say

17 Oct 2012

Rosneft’s $56bn takeover of TNK-BP could pave the way for one of the biggest pieces of loan financing in recent years, as bankers are confident that the Russian state-owned oil company could command huge commitments from lenders in the region desperate for a role in such a prestigious deal.

Rosneft submitted its bid for BP’s 50% stake in TNK-BP on Thursday morning, offering $28bn in cash and shares. October 17 had marked the end of the 90 day ‘good faith’ period, after which the UK oil firm could sell its stake to any interested parties.

The AAR ...

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