OREANDA-NEWS. OAO LUKOIL has successfully raised the syndicated unsecured US$ 250,000,000 Term Loan Facility. The Facility is arranged by ABN AMRO and CALYON and joined by other major international banks.

The Facility pays a margin of 0.40% per annum and has a five-year maturity. It was pre funded by ABN AMRO and CALYON on April 23d and utilised same day to refinance in the entire amount the remaining part of LUKOIL’s US$ 765,000,000 syndicated pre-export facility arranged in 2003.

The syndication was positively received in the market and closed more than twice oversubscribed. This represents a significant endorsement from the market of the strength of the LUKOIL credit for what is the lowest-priced 5-year unsecured syndicated loan to a Russian corporate to date.