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Article: Lukoil planning Eurobonds to refinance loan for ISAB stake - source (Part 3).
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- October 12, 2009
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Lukoil planning Eurobonds to refinance loan for ISAB stake - source (Part 3)
MOSCOW. Oct 12 (Interfax) - Lukoil (RTS: LKOH) is planning to offer Eurobonds in the next few weeks to refinance a bridge loan taken out almost a year ago to finance the purchase of a stake in the ISAB refinery in Italy, a source at an American investment bank told Interfax.
The source said the oil company had been planning a bond issue for a while and held a road show in the summer, but a poor market situation stopped it. The market has now improved.
Royal Bank of Scotland and Barclays Capital could arrange the placement.
LUKOIL Finance Limited raised the ...