By Greg Walters
Sept. 17 (Bloomberg) -- OAO Rosneft, Russia's biggest oil producer, paid the last of a $22 billion bridge loan it used to buy assets of bankrupted OAO Yukos Oil Co.
The final $2.3 billion payment was made amid ``unprecedented'' market turmoil, Chief Executive Officer Sergei Bogdanchikov said in an e-mailed statement today.
State-run Rosneft borrowed $22 billion in March 2007 from a group of banks including ABN Amro NV, Barclays Capital, Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley.
To contact the reporter on this story: Greg Walters in Moscow gwalters1@bloomberg.net
Wednesday, September 17, 2008
Rosneft Pays Off $22 Billion Loan Used to Buy Yukos Oil Assets
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