The source - KazMunaiGaz to sign $2.5 bn. loan at the end of August

/INTERFAX-AFI, Moscow, July 12, 08/ - Kazakhstan National Oil and Gas Company KazMunaiGaz will finish $2.5 bn. loan deal at the end of August, a bank circles` source informed Interfax-AFI. "The loan is scheduled to be signed on August 26 - 27, the volume will not be increased," - he said. As previously reported, in early June the company began $2.5 bn. loan syndication under LIBOR+1.55 %. The loan is drawn for 3 years and to be amortized in 2 years. Credit Suisse and ABN Amro are the book-runners, the organizers are - Barclays, Bank of Tokyo-Mitsubishi UFJ, Societe Generale, SMBC, WestLB and Deutsche Bank. Assets from the loan will be allocated for refinancing of borrowed at the beginning of 2008 $3.1 bn. syndicated loan to purchase Romanian Rompetrol. In January 2008 KazMunaiGaz closed the deal on $3.1 bn. borrowed syndicated loan. The rate on loan made LIBOR+0.9 % APR; it was borrowed for one year. At the end of August 2007 KazMunaiGaz announced signing agreement with Rompetrol Holding SA on purchasing of 75 % share in The Rompetrol Group NV (TRG), based on its value at $3.616 bn. Rompetrol Holding will host 25 % share in TRG. [2008-08-13]