Gazprom Neftekhim Salavat raises $500m in club loan
June 24, 2011
Gazprom Neftekhim Salavat has raised a $500m club loan. Absolut Bank acted as a mandated lead arranger on the deal with a $25m ticket. ING (the sole coordinator, Bookrunner, documentation and servicing agent on the loan), Banca Intesa, BNP Paribas, Commerzbank, Natixis, Nordea, and UniCredit also acted as mandated lead arrangers on the deal.
The loan has a tenor of 42 months. The issuer will start repaying it by equal installments after a 6-month grace period. The issuer drew down 75% of the loan in December 2010.
Company — Gazprom Neftekhim Salavat
Full nameOAO Gazprom Neftekhim Salavat
IndustryChemical and petrochemical industry