Multi-Billion Rosneft Loan Goes Ahead Without Lloyds and HSBC | News | The Moscow Times:
"A $1.5 billion to $2 billion loan involving BP and Russian oil giant Rosneft is going ahead, bankers said Thursday, even after arranging banks Lloyds and HSBC pulled out as unease grows among some Western lenders about funding Russian deals.
However, they said it was unclear whether the British-based banks would be replaced or the remaining lead arrangers, Deutsche Bank and Bank of China, would push on with completing the syndicated oil-prepayment loan on their own.
"There is an extensive bank group including Japanese, Chinese and European banks. The issue is not replacing the money … it is whether we will replace the mandated lead arranger roles," a banker close to the deal said."
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