Syndicated Loans

Gunvor signs US$600mn one-year loan

Gunvor International, an independent oil trader headquartered in Amsterdam, which mainly exports oil from Russia, has signed a revolving one-year credit facility of US$600mn, successfully refinancing and extending last year’s debut of US$370mn.

CEE banks come back to loan market

Despite tough market conditions, some CEE banks have returned to the syndicated loan market in the second quarter of 2009. State-owned banks like HBOR and NBL have managed to raise loans, as have three Turkish banks.

US$3.5bn bumper loan for Abu Dhabi's IPIC

International Petroleum Investment Company (IPIC), a state-owned petroleum company based in Abu Dhabi, is launching a US$3.5bn syndicated loan, which is set to be the biggest Middle East loan so far this year.