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Gazprom neft' OAO Seeks Credit of Up to $1 Billion-Interfax

Monday, 10 Jun 2013 12:45am EDT 

Interfax reported that the Board of Directors at Gazprom neft' OAO has approved the raising of a club credit of up to $1 billion, the Company said. The credit comes in the form of two credit lines, 70% of the total amount in a five-year non-renewable credit line at LIBOR+1.75% per annum, and 30% of the amount in a three-year renewable credit line at LIBOR+1% per annum. 

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-0.54 -0.39%
10:48am EDT