Support The Moscow Times!

Rosneft Seeks More Credit

LONDON — Rosneft is looking to tap the international lending market for a sizeable syndicated loan only six weeks after agreeing to an increased $2 billion loan, bankers close to the borrower said. 

"On an annual basis, depending on what's going on, Rosneft's financing need is anywhere from $15 billion upward. So, a $2 billion deal on its own is not such a big deal for them," one banker said.

Other bankers warned Europe's weakened macroeconomic outlook means sourcing liquidity for a new loan so shortly after Rosneft's $2 billion deal in early December could pose a challenge. "They have to find out where that liquidity exists," another banker said. Rosneft was not immediately available to comment.

(Reuters)

Read more

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.