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VEB/Khabarovsk – structured trade
02 March 2011
Cesce reaches out for Russian oil
This deal is the result of 18 months of hard work by the MLA group to structure a deal in which funds lent to Russia’s Vnesheconombank would be onlent to fund a development project at the Khabarovsk Oil Refinery in Russia’s far east. Mandated lead arrangers BBVA, BNP Paribas and Crédit Agricole CIB put a great deal of effort into bringing this deal to conclusion, and BBVA are especially pleased, naming this their most important deal ever done in Russia as an ECA agent.
Proceeds of the $756 million deal...
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