January 10, 2008 / 10:27 AM / 11 years ago

RLPC-KazMunaiGas signs $3.1 bln loan for Rompetrol buy

LONDON, Jan 10 (Reuters) - KazMunaiGas KMG.UL RDGZ.KZ, Kazakhstan’s national oil and gas company, has signed a $3.1 billion, 364-day syndicated bridge loan to fund its purchase of Romania’s second-largest oil company Rompetrol, bookrunners ABN AMRO, Calyon and Credit Suisse announced on Thursday.

The borrower is KazMunaiGas PKOP Investment B.V., a wholly owned subsidiary of Trade House KazMunaiGas, and the loan is guaranteed by KazMunaiGas.

The unsecured loan, which closed oversubscribed, pays a margin of 90 basis points (bps) over LIBOR.

KazMunaiGas announced in August it had signed a deal to buy a 75 percent stake in Netherlands-based Rompetrol for $3.6 billion. (Reporting by Christopher Mangham, editing by Will Waterman)

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