Re Loan of USD 280m
LUKOIL Finance Limited (a subsidiary of ОАО LUKOIL) raised a USD 280 million loan facility (the ‘Facility’) on November 28, 2008. The interest rate on the disbursement date (including base rate and margin) was 5.4% p.a.
The Facility term is 3 years.
The Facility is secured by OAO LUKOIL’s guarantee for LUKOIL Finance Limited.
The Facility has been arranged by ABN AMRO BANK N.V., THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., BARCLAYS CAPITAL, BNP PARIBAS (SUISSE) S.A., CITIBANK, N.A. LONDON BRANCH, DRESDNER KLEINWORT, ING BANK N.V., LONDON BRANCH and WESTLB AG, LONDON BRANCH.
The agent is WESTLB AG, LONDON BRANCH.
The proceeds under the Facility will be used to finance investment projects in the Refining & Marketing segment of LUKOIL Group.