Novatek OAO Takes Out Five-Year $1.5 Billion Syndicated Loan-Interfax

Monday, 17 Jun 2013 07:13am EDT 

Interfax reported that Novatek OAO has taken out a five-year syndicated loan worth no more than $1.5 billion from a syndicate of Western banks, the Company reported. The credit rate is LIBOR plus 1.75% per annum. The credit organizers are Bank of America Securities Limited, Barclay's Bank plc, Credit Agricole Corporate and Investment Bank, Rosbank, Mizuho Corporate Bank Nederland N.V., OJSC Nordea Bank, Raiffeisen Bank International AG, Sumitomo Mitsui Banking Corporation Europe Limited, The Bank of Tokyo-Mitsubishi UFJ Ltd., The Royal Bank of Scotland PLC, and CJSC Raiffeisenbank. The credit was obtained June 14, having been approved by the Company board of directors June 11. 

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