Rosneft bumps up pricing in attempt to appease lenders

07 Mar 2012

Russian oil credit Rosneft has increased the margin offered to its banking group to just under 250bp as tough negotiations continue over the firm’s proposed debt facility.

Rosneft attempted to price the deal at sub-200bp levels when it began speaking to banks at the beginning of February this year, said bankers. But the firm’s lending group rejected the price.

Furthermore, the borrower is considering trimming the amount it is looking to raise to $1.5bn, from the ...

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