Deutsche Bank has announced that Tranche D of TNK-BP’s latest pre-export finance facility has been signed and drawn. This brings total commitments to US$600m.
This is the first syndicated pre-export loan transaction in Russia this year (as opposed to a club deal). Despite challenging market conditions, the transaction attracted significant commitments at a variety of ticket sizes.
The facility was arranged by Deutsche Bank, Bayerische Hypo-und Vereinsbank (a member of the Unicredit Group), Calyon and ING Bank, acting as initial mandated lead arrangers and active bookrunners.
Deutsche Bank, Amsterdam branch acted as facility and security agent, while ZAO ‘Calyon Rusbank’ acted as passport bank. Société Générale and WestLB joined as mandated lead arrangers. ABN Amro Bank (London branch) acceded as arranger, while Helaba, ZAO Banca Intesa and JSB ‘Orgresbank’, part of Nordea, joined as co-arrangers.
Proceeds of the loan will be used for general corporate purposes.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
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