RLPC-KazMunaiGas to launch $2.5 bln loan Monday - source
LONDON, June 6 (Reuters) - Kazakhstan oil and gas company KazMunaiGas [KMG.UL] will launch syndication on Monday of a $2.5 billion, three-year unsecured loan, a banking source said on Friday.
Mandated lead arrangers are ABN AMRO, Bank of Tokyo-Mitsubishi-UFJ, Barclays, Credit Suisse, Deutsche Bank, SMBC, Societe Generale and WestLB.
Proceeds will refinance the company's $3.1 billion, one-year unsecured bridge loan that signed in January.
That unsecured loan paid a margin of 90 basis points (bps) over LIBOR and was used to fund the borrower's purchase of Romania's second-largest oil company Rompetrol. (Reporting by Christopher Mangham; Editing by David Holmes)
© Thomson Reuters 2009 All rights reserved
Pledge to support economies
G20 financial leaders pledged to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured. Full Article | Related Story
Galleon case
U.S. insider trading probe widens
Fourteen people were charged with fraud and conspiracy in a dramatic widening of an insider trading scandal. Full Article
India
US
UK
