On February 13, 2013 Rosneft signed loan agreements for the total amount of U.S. $14.212 billion. According to the company, the financing will be used to acquire a 50% stake in TNK-BP Ltd. from AAR (Alfa, Access, Renova) Consortium.
The cost of the financing that is being arranged is one of the lowest at the Russian corporate debt market.
The group of international banks which are acting as mandated lead arrangers and lenders includes Bank of America Merrill Lynch, Barclays Bank, BNP Paribas, BTMU, Citibank, Credit Agricole, ING Bank, Intesa Sanpaolo Banking Group, J.P. Morgan, Mizuho Corporate Bank, Natixis, Nordea Bank, SMBC, Societe Generale, Unicredit Bank and Bank of China.