GAZPROM'S $3bn gas receivables loan closed yesterday (Thursday) amid rumours that the general syndication was not as successful as hoped. Between 25 and 30 banks are believed to have joined at the senior lead manager, lead manager and manager levels, after general sell-down was launched in early November. Senior lead managers are offered fees of 70bp for $60m or more. lead managers 60bp for $30m to $59m, managers 50bp for $15m to $29m and participants 40bp for $5m to $14m
December 19, 1997