Rosneft secures two credit facilities to buy a 50% stake in TNK-BP
Rosneft on December 21, 2012 signed an agreement with a group of international banks for two credit facilities of total of US $ 16.8 billion to finance the purchase from BP a 50% stake in TNK-BP, Rosneft press release said.
Under the loan agreement Rosneft gets a 5-year-term loan in the amount of $ 4.1 billion and a 2-year-term loan of $ 12.7 billion.
Lenders and Arrangers of the facilities is group of international banks including Bank of America Merrill Lynch, Barclays Bank, BNP Paribas, BTMU, Citibank, Credit Agricole, ING Bank, Intesa Sanpaolo Banking Group, JP Morgan, Mizuho Corporate Bank, Natixis, Nordea Bank, SMBC, Societe Generale and Unicredit Bank.