9 Nov 2011 11:01

Gazprom raises 5-yr $600 mln syndicated credit in Sept

MOSCOW. Nov 9 (Interfax) - The Gazprom group secured a long-term unsecured syndicated of $600 million repayable in 2016 in September, under an agreement made in April, the company's International Financial Reporting Standards (IFRS) report says.

The agent for the deal is CJSC Mizuho Corporate Bank (Moscow). The interest rate is LIBOR plus 1.5%.

The group also clinched in September a long-term credit agreement with Gazprombank for 10 billion rubles at 9% and repayable in 2018. "Under this agreement, eight billion rubles were raised in October 2011, and the remaining part will be raised in November 2011," the company said.