Nordea is among the co-arrangers of a credit facility for TNK-BP

28.10.2010

Nordea is among the co-arrangers of a credit facility for TNK-BP

On October 14, 2010 TNK-BP Finance S.A. entered into a club deal with 16 international banks on a credit facility in total of 2 billion US dollars. Nordea Group has acted as one of the credit facility’s co-arrangers.

The credit facility comes in two tranches of 1 billion US dollars each. Maturity - 3 years. Nordea’s commitment - 125 million US dollars. Borrower - TNK-BP Finance S.A. (a 100% subsidiary of TNK-BP International Limited). Purpose – general corporate needs.

Nordea Group started cooperation with ТНК-ВР in early 2009 by participating in a syndicated loan to the Company.

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