Russia's Gunvor gets loan to fund "bold" plans
MOSCOW, July 31 |
MOSCOW, July 31 (Reuters) - Russian oil trader Gunvor, which handles a third of Russia's crude exports, borrowed $370 million in its debut syndicated loan to fund "bold" expansion plans, the company said on Thursday.
"Gunvor has enjoyed rapid growth over the past decade, and we have bold plans to ensure continued expansion in existing and new markets," an unidentified Gunvor spokesman said in a statement.
BNP Paribas and Credit Suisse headed a syndicate of 14 banks and served as bookrunners and lead arrangers. (Reporting by Melissa Akin)
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