Gazprom Neftekhim Salavat raises $500m in club loan

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.

• Full name
  OAO Gazprom Neftekhim Salavat
• Registration country
  Russia
• Industry
  Chemical and petrochemical industry