TNK-BP waits for responses on new loan

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.

  • 02 Jul 2012

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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