Home  Issuers' Corner  Press Releases  Gazprom Neft
CLOSE

Press Releases > Gazprom Neft  all about the company

company search
all press releases
all Gazprom Neft press releases

Gazprom Neft

November 5, 2004

Sibneft secures syndicated loan with record low interest rate

Moscow, November 5, 2004. Sibneft has received a $160 million syndicated loan with an interest rate of 1.4% over the London interbank offered rate (LIBOR), the lowest-cost financing in the company’s history. The export-backed loan carries a term of 25 months. ABN Amro Bank led the syndication for the deal.

Sibneft received the first $75 million tranche of the loan in June of this year, with ABN Amro and Vitol SA participating. The remaining tranche of $85 million was received on November 4, with new participants including Bayerische Landesbank, Commerzbank (Eurasija) Sao, Hsh Nordbank Ag, Landesbank Rheinland-Pfalz–Girozentrale, Norddeutsche Landesbank Luxembourg S.A. and WestLB AG.

Sibneft will use the funds for debt refinancing and working capital. The company expects its year-end debt level to be similar to last year, in the range of $1.5 - $1.6 billion.


Contact:

John Mann
Sibneft
Tel: +7 (095) 777 3116
Fax: +7 (095) 777 3114
JohnM@sibneft.ru
www.sibneft.com

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z



Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer