Urals | Finance, business

Severneftegazprom gets $1.6bn sundicated loan from 15 banks

30 May '11
Gas mining company Severneftegazprom has taken out a $1.6bn syndicated loan, the company reports.

The funds were reportedly loaned from a consortium of 14 foreign banks and one Russian bank Gazprombank.

Under plans, the funds are to be invested into development of the Yuzhno-Russky oil and gas condensate deposit in the Barents Sea, Yamalo-Nenets Autonomous District.

The loan is due to be redeemed by December 31, 2018. Early repayment is also possible.

The loan interest rate has yet to be disclosed.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations:

Latest News: Urals
20 May '19 | Technology & innovation
16 Nov '17 | Finance, business | Technology & innovation
1 Mar '17 | Technology & innovation | Industry, manufacturing
4 Aug '16 | Technology & innovation | Finance, business
 

Feature stories

26 May '19
This article has been written by Carl Burch, an MBA,...
4 Apr '19
Russian scientists have come up with what they say is...
29 Jan '19
Russian biologists and biophysicists have developed...
Search (News archive - 21384)
Advertising
Venture_Russia_2018
Advertising
NATT
Advertising
Marchmont News

Latest News

18 Jul '19
Skolkovo Digital, a Skolkovo Foundation investment...
17 Jul '19
The Russian government is considering a package of...
16 Jul '19
Researchers at the Moscow State University are...

Most read stories from last week

16 Jul '19
Researchers at the Moscow State University are...
17 Jul '19
The Russian government is considering a package of...
18 Jul '19
Skolkovo Digital, a Skolkovo Foundation investment...