Re Loan of EUR 400m
LUKOIL Finance Limited (a subsidiary of ОАО LUKOIL) raised a EUR 400 million loan facility (the ‘Facility’) on November 28, 2008. The interest rate on the disbursement date (including base rate and margin) was 5.9% p.a.
The Facility term is 6 months (with an option of renewal of the Facility term for another 6 months upon borrower’s request).
The Facility is secured by OAO LUKOIL’s guarantee for LUKOIL Finance Limited.
The Facility has been arranged by ABN AMRO BANK N.V., BARCLAYS CAPITAL and ING BANK N.V.
The agent is THE ROYAL BANK OF SCOTLAND PLC.
The proceeds under the Facility will be used to finance an acquisition of a 49% interest in the ISAB refinery complex in Priolo, Italy.