MOSCOW Aug 14 Russia's No. 2 oil producer
Lukoil has agreed a three-year bridge loan for $1.5
billion with U.S. banks Citi and JPMorgan,
Interfax news agency reported on Thursday, citing two banking
sources close to the deal.
Lukoil said in June that it may raise a bridge loan of up to
$2 billion from the two U.S. banks, which were previously
arranging a Eurobond issue for the company.
The Eurobond issue was postponed due to unfavourable market
conditions linked to the Ukraine crisis after Western sanctions
restricted Russian firms' access to international capital
markets. The bridge loan will expire in July 2017, Interfax
(Reporting by Alexander Winning; editing by Katya Golubkova)