Free Trial

Trade Finance Magazine Copying and distributing are prohibited without permission of the publisher

Tatneft offers “aggressive” start to 2010

12 January 2010

Russian oil major Tatneft is looking to push-out the tenor on its latest pre-export financing.

Read more: [Russia pre-export finance] [oil pre-export finanicng] [Tatneft PXF]

Russian oil major Tatneft is back in the market as it negotiates a $2 billion refinancing to finance construction of its Taneco refinery project in the Republic of Tatarstan.

The deal is still in the early stages of negotiations with no bank yet mandated or structure agreed upon, but bankers expect the majority of the loan to be done through a pre-export financing.

The deal refinances a...


Poll

Credit insurers have withstood the crisis admirably settling a high number of claims during 2009. If you are actively involved in trade transactions what percentage of your deal book now enjoys some political or credit risk cover from private insurers?

75% to 100%
33%
50% to 75%
30%
25% to 50%
9%
25% or less
10%
I don’t use private credit insurers
18%

Quote

You ignore LCs at your peril as a trade bank.

Mark Evans, ANZ - Banks examine the bigger trade picture - April 2010