ORGRESBANK is among the arrangers of a syndicated loan for Lukoil OJSC

26.08.2009

ORGRESBANK is among the arrangers of a syndicated loan for Lukoil OJSC

JSB ORGRESBANK acts as one of the mandated lead arrangers of a syndicated loan for Lukoil OJSC.

The loan of US$1.2 billion has maturity of 3 years and at an interest rate of LIBOR +4% per annum. As the security is an assignment of receivables under oil export contracts.

The loan purpose is general corporate needs, refinancing of the existing debt, as well as for financial operations related to the export of oil.

The Bank has been cooperating with Lukoil OJSC since 2008.

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