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BES and CDB launch loan for PDVSA
15 January 2010
Banco Espirito Santo (BES) and China Development Bank launch syndication of a major trade-related loan for Venezuelan oil producer PDVSA.
Read more:
[Petróleos de Venezuela trade deal]
[PDVSA structured trade finance]
[ BES and CDB]
[Venezuela trade finance]
Banco Espirito Santo (BES) and China Development Bank (CDB) have today launched senior syndication of a $1.5 billion trade-related term loan credit facility for the Petróleos de Venezuela (PDVSA). BES and CDB are acting as initial mandated lead arrangers, global coordinators and bookrunners.
The proposed facility is structured as a $1.5 billion three-year amortising trade-related credit facility, which will be used by PDVSA for general corporate...
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