Rochester, NY 8/25/2009 4:46:03 PM
BP plc BP, BP plc's Joint Venture fabricated $600 million
BP plc BP
A total commitment of $600 million was fabricated when BP plc's Russian joint venture TNK-BP Holding has signed its latest pre-export finance facility with a group of banks. Those Banks include; Deutsche Bank, Bayerische Hypo-und Vereinsbank, Calyon and ING Bank NV acted as initial mandated lead arrangers and active bookrunners for the facility.
On the other hand, Societe Generale SA (SCGLY) and WestLB AG joined as mandated lead arrangers, while ABN Amro Bank NV was an arranger. And, Helaba, ZAO Banca Intesa and JSB Orgresbank, part of Nordea Bank AB, joined as co-arrangers for the facility. Proceeds from the loan will be used for general corporate purposes.
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