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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.