Nord Stream pipeline’s Eu2.5bn phase two loan launched

A Eu2.5bn project finance loan to fund the second phase of Nord Stream’s gas pipeline is likely to be priced far tighter than the March facility which backed the first phase, according to bankers close to the deal. The company has sent requests for proposals for the new 10 year loan.

  • 22 Oct 2010

"Pricing will be significantly tighter on this second phase of the loan," said a banker familiar with the request for proposals. "It will certainly start sub-200bp."

Demand was high for the Eu3.9bn loan that backed the first pipeline connecting Russian suppliers with the EU market. Twenty-six banks committed, with ...

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