KazMunaiGaz Borrows 3.1 Bln USD To Acquire Rompetrol

F.A.
Ziarul BURSA #English Section / 11 ianuarie 2008

KazMunaiGas, Kazakhstan"s national oil and gas company, has signed a 3.1 billion USD, 364-day syndicated bridge loan to fund its purchase of Romania"s second-largest oil company Rompetrol, bookrunners ABN AMRO, Calyon and Credit Suisse announced on Thursday.

The borrower is KazMunaiGas PKOP Investment B.V., a wholly owned subsidiary of Trade House KazMunaiGas, and the loan is guaranteed by KazMunaiGas. The unsecured loan, which closed oversubscribed, pays a margin of 90 basis points over LIBOR. KazMunaiGas announced in August it had signed a deal to buy a 75 percent stake in Netherlands-based Rompetrol for $3.6 billion.

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