Rosneft attracts VTB credit line to 85.4 billion rubles

MOSCOW, 1 February. VTB Bank opened a credit line for Rosneft to 85.4 billion rubles. The purpose of the loan is not marked – it is “subject to agreement by the parties”, follows from materials of public procurement.

To raise funds Rosneft announced a closed tender with a single participant – VTB. At the moment the contest is closed and the decision entered into force.

Tender for attraction of credit line was divided into three lots: one on 34,177 billion rubles, the other two on 25,633 billion rubles.

The credit line will be provided by Rosneft for 5 years, while the interest rate has not been determined and will be agreed by the parties.