Russia's Tatneft to launch loan by end August
10 August 2009, Monday
The deal, which will be secured on oil exports, is being coordinated by Unicredit and WestLB, one of the sources added, while Royal Bank of Scotland has joined as a mandated lead arranger.
A number of banks are still considering joining as mandated lead arrangers, at which point the loan amount can be set and the deal launched, the banker added. In June, bankers told Reuters LPC the loan is likely to total between $600 million-$1 billion.
The loan will be the third three-year pre-export financing for a Russian oil company this year -- TNK-BP and LUKOIL recently completed loans worth $600 million and $1.2 billion, respectively, according to Reuters.
"Tatar-inform", August 10, 2009
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