Bashneft closes a US$ 600 million PXF transaction
Bashneft closed a transaction with a group of international banks to obtain a US$ 600 million pre-export financing facility. The Company is raising funds for general corporate purposes. The facility has a three-year tenor and is to be repaid in equal instalments after a one-year grace period. The facility is secured with future revenue from the export of petroleum products for the duration of the facility. The interest rate …