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Russia & CIS

15:02 GMT, May 07, 2008 Latest Headlines...

Russia's Gazprom Neft planning $1-bln syndicated loan - sources (Part 2)

     MOSCOW.  May  7  (Interfax)  - Russia's Gazprom Neft (RTS: SIBN) is
holding  negotiations  with  banks  on a syndicated loan for $1 billion,
sources in banking circles told Interfax.
     "A mid-term loan of three to five years is being discussed," one of
the sources said.
     Another source said the syndication could begin in a month.
     Gazprom  Neft raised a $2.2-billion syndicated loan for three years
at Libor + 0.75% in November 2007.
     The  loan  was  arranged  by  ABN AMRO Bank N.V., Calyon, Citigroup
Global Markets Ltd. and Commerzbank Aktiengesellschaft.

tj

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