Sibneft has received a syndicated credit totaling $150m from Raiffeisen Group and Landesbank Schleswig-Holstein Girozentrale, the press service of the oil company reported. The credit is given for a three year period. The interest rate is LIBOR +3.25 percent.
The attraction of the new credit followed the placement of Eurobonds totaling $500m in November 2002. The bonds with a 10.75 coupon and a maturity date in January 2009 have the longest period of maturity among bonds of Russian companies that have ever been placed on international markets.
The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?
The TurkStream, which runs along the bottom of the Black Sea from Russia's Anapa to Turkey, will consist of two lines, each with a capacity of 15.75 billion cubic meters of gas a year