TNK-BP waits for responses on new loan

02 Jul 2012

Russian oil firm TNK-BP has sent out a request for proposals for a $500m term loan. Bankers have until the end of the week to provide preliminary responses.

The firm should comfortably find the amount, said bankers. “It’s one of the better credits in Russia and it’s a fairly small deal,” said one senior loans banker. “So they don’t need to really squeeze the market for liquidity.”

The short supply of deals from the Russian oil sector ...

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