On October 15, 2009, Gazprom Neft closed a transaction on an intermediate unsecured club loan facility totaling to US$ 500,000,000.
The Bank of Tokyo-Mitsubishi UFJ acts as a facility agent. Mandated lead arrangers and lenders are represented by the banks of BTMU (Europe), Raiffeisenbank, Nordea Bank, Unicredit Bank and Societe Generale.
The funds are obtained at the rate of LIBOR plus 5% interest rate. The borrowed funds will be used towards the Company corporate purposes.
Gazprom Neft CFO Vadim Yakovlev stated:
“The banks' active support of the unsecured transaction is of great importance to Gazprom Neft. A great deal of interest expressed by the banks has confirmed a high level of loyalty to the Company grounded in its financial stability, business efficiency and the Company’s unblemished reputation in the market”.