Tatneft pre-export financing on final stretch

20 May 2010

Russian oil group Tatneft should sign a long-awaited $2bn pre-export financing loan in the next two weeks, bankers close to the deal said this week.

"All the lenders are now committed and we’re just waiting for documentation to be finalised," said one. "Hopefully, we’re only talking about another fortnight. But everything, including the PXF structure, is in place."

The new loan comes as Tatneft finalises its roadshow for a debut Eurobond. Citi and Royal ...

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