OREANDA-NEWS. JSC Gazprom Neft closed a transaction to attract $2.2 bln unsecured syndicated loan for the term of 3 years with LIBOR +0.75%, the company's press service announced.

The loan is granted by the banking syndicate including АBN AMRO Bank N.V., Calyon, Citigroup Global Markets Ltd., Commerzbank Aktiengesellschaft, which acted as the bookrunners under the transaction along with 12 other international banks.

The Company intends to use the borrowed funds to finance business extension in such areas as production, refining and oil and oil products marketing.

Despite a very complex situation at the financial markets, the transaction was closed successfully, which fact may serve as the evidence of a strong position of JSC Gazprom Neft in the world debt capital markets.