OJSC is set to attract a syndicated loan of the volume of USD2 billion, reports a source close to the deal.
The loan will be extended in a single tranche with BNP Paribas acting as a lead-manager. Several days ago the bank conducted talks with a number of large banks on their participation in the capacity of underwriters. The syndicate is expected to be formed by the middle of December. The borrowed funds will be used to finance the first stage of the construction of petrochemical and processing plants in Nizhnekamsk to be operated by Taneco OJSC, FIS reports according to RZD-Partner.
The loan will be extended in a single tranche with BNP Paribas acting as a lead-manager. Several days ago the bank conducted talks with a number of large banks on their participation in the capacity of underwriters. The syndicate is expected to be formed by the middle of December. The borrowed funds will be used to finance the first stage of the construction of petrochemical and processing plants in Nizhnekamsk to be operated by Taneco OJSC, FIS reports according to RZD-Partner.