Rosneft Talks $25Bln Loan

By The Moscow Times

Nov. 7, 2012

Oil company Rosneft is in talks with up to 20 banks about a $25 billion loan to back its $55 billion acquisition of rival TNK-BP, bankers said.

About 10 banks, likely to include three U.S. banks, three Japanese, a couple of British and one or two French banks, were expected to commit about $2.5 billion each.

Other international banks were also likely to commit smaller amounts, which could push the total loan to between $30 billion and $35 billion, the bankers said Wednesday.

At $30 billion, it would be Europe's 10th-biggest syndicated loan and the largest for a Russian borrower, according to Thomson Reuters LPC data.

(Reuters)

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