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Russian Tatneft signed a $2 billion deal

Russian mid-sized oil company Tatneft signed a $2 billion syndicated pre-export financing, according to reports.

 

Russian mid-sized oil company Tatneft signed a $2 billion syndicated pre-export financing, according to reports. Tatneft secured an $800 million, three-year tranche priced at 300 basis points (bps) over LIBOR, a $1 billion, five-year tranche at 400 bps and a $200 million, seven-year tranche at 500 bps, a banker at a major Western bank said to Reuters. "The deal was oversubscribed," he said. Tatneft declined to comment. 

Source : Upstream