Gazprom-Neft leads nix rumours of changes

06 May 2010

Bankers close to a long-awaited $1bn pre-export financing for Russia’s Gazprom-Neft insisted this week that the deal was still on track to launch shortly, with no alterations to its structure. This is despite rumours in the last fortnight that more banks had been angling to join the facility at the top level, and that the mooted pricing could have changed.

The five year deal, one of the rare loans expected to emerge from Russia this quarter, had originally been tipped to launch around Easter, in early April. Bank of Tokyo-Mitsubishi UFJ, Natixis and Société Générale were named as bookrunners on the transaction in March.

But with little news ...

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