Standard Chartered leads $1 billion for Petrobras NetherlandsStaff Writer | November 28, 2017
Standard Chartered Bank announced the successful closure of a $1 billion senior secured syndicated term loan facility for Petrobras Netherlands.
Finance The cost-efficient term
Standard Chartered Bank acted as sole global coordinator and bookrunner, facility agent and security agent in this transaction, which involved the participation of five other international banks (China Construction Bank, ABN AMRO Bank, Industrial and Commercial Bank of China, Banco Latinoamericano de Exportações and Commerzbank).
The Bank’s deep and long-standing relationship with Petrobras enabled it to lead on the client’s first syndicated loan facility in recent years.
Standard Chartered had previously arranged a $1 billion sale and leaseback facility for Petrobras in 2016, and this follow-up transaction is further testament to Standard Chartered’s capabilities as a leading shipping finance bank. ■