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LUKoil raises 2 loans to buy into Italian refinery
RBC, 28.11.2008, Moscow 16:28:44.LUKoil has attracted two loans to buy a 49-percent stake in the Italian oil refinery ISAB, the Russian oil company said in a press release today. Specifically, LUKoil Finance Ltd, the Russian giant's subsidiary, secured a EUR 400m loan at an annual interest rate of 5.9 percent for six months, with an option to extend the loan period by another six months. ABN AMRO, Barclays Capital, and ING Bank arranged the loan. Furthermore, LUKoil Finance raised a three-year loan worth USD 280m at an interest rate of 5.4 percent. The loan was organized by ABN AMRO, Bank of Tokyo-Mitsubishi, Barclays Capital, BNP Paribas, Citibank, and others. LUKoil is to make the first payment worth EUR 600m for the refinery by December 1.
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