One of the organizers of the loan, which is secured by oil supplies to Rosneft, was the American Bank Morgan Stanley, which, according to Forbes, and sold to Alfa-Bank claim for $ 150 million.
MOSCOW, 19 APR. Alfa-Bank in November 2015, has acquired a stake in a syndicated loan to Rosneft, which the company took for the acquisition of TNK-BP, is reported by Forbes with reference to sources.
It is noted that one of the organizers of the loan, which is secured by oil supplies to Rosneft, was the American Bank Morgan Stanley. According to a source, he was sold to Alfa-Bank claim for $ 150 million. “The Bank agreed to sell part of the loan at a discount: may, Morgan Stanley found a better use for money or afraid,” said the source. Secured these rights by Alfa-Bank received credit in the Western banks, and will earn on the deal due to the discount, the newspaper writes.
In 2013, Rosneft signed a deal with traders Glencore and Vitol for a pre-export financing. They were two of a five year contract for the supply of 67 million tons of oil from Glencore at 46.9 million tonnes and Vitol at 20.1 million tons. The value of these contracts was not disclosed, however at the time of these shipments was estimated at 49-55 billion.
Delivery of oil and payment of pre-export financing are specially created companies Ros-GIP (Glencore) and Ros-Vit (Vitol). These companies for the payment of Rosneft prepayment in the amount of $ 10 billion took a syndicated loan 8,32 billion. 70% of the funds for the loan received Ros-GIP and 30% Ros-Vit.
The publication also adds that in addition to this payment, to pay for TNK-BP with the “alpha”, Access Industries, “renovoj” and BP, “Rosneft” in the period from November 2012 to February 2013 borrowed from foreign banks 31 billion and has placed Eurobonds for $ 3 billion.
Net debt of “Rosneft” in 2015 decreased by 47% and by the end of the year amounted to 23.2 billion dollars.