energy

KazMunaiGas loan to be signed this week

(SRI) - The RBS/ABN Amro and Credit Suisse-lead syndicated loan for KazMunaiGas, the Kazakh national oil company, is expected to be signed this Thursday, Trade Finance reported on Tuesday.

The $2.5 billion, three-year unsecured term loan was oversubscribed but KazMunaiGas has turned down any increase. The loan which paid a margin of 155 basis points over Libor will refinance the $3.1 billion bridge facility signed in November 2007 to acquire a controlling stake in the Romanian oil company Rompetrol.

Barclays Capital, BTMU, Deutsche Bank, SMBC, Société Générale and WestLB were attached to the deal at a senior level.

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