GAZPROM is to return to the international syndicated loan market through a $200m credit arranged by Bayerische Landesbank, Chase Manhattan, General Banking Trust (Altalanos Ertekforgalmi Bank), ING Barings, MKB and OTP. The loan will carry a margin of 400bp over Libor -- much more than it paid nine months ago on its $3bn jumbo pre-export finance facility arranged by Dresdner and Crédit Lyonnais. That facility carried a margin of 175bp over Libor.
August 07, 1998