Nordea Ranked among Co-Arrangers of Credit Facility for TNK-BP
OREANDA-NEWS. November 01, 2010. TNK-BP Finance S.A. entered into a club deal with 16 international banks on a credit facility in total of 2 billion US dollars. Nordea Group has acted as one of the credit facility’s co-arrangers, reported the press-centre of Nordea.
The credit facility comes in two tranches of 1 billion US dollars each. Maturity - 3 years. Nordea’s commitment - 125 million US dollars. Borrower - TNK-BP Finance S.A. (a 100% subsidiary of TNK-BP International Limited). Purpose – general corporate needs.
Nordea Group started cooperation with ТНК-ВР in early 2009 by participating in a syndicated loan to the Company.
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