Annular eclipse will be visible in South America, Africa on Feb 26Science & Space February 26, 3:24
HNC expects Trump to correct Obama's mistakes in Syria - delegation headWorld February 26, 3:08
War on terror to dominate Geneva talks — Syrian UN envoyWorld February 25, 23:48
Russian skier wins gold in skiathlon at 2017 FIS Nordic World Ski ChampionshipsSport February 25, 17:46
Top US Air Force general points to growing conflict potential in Syrian airspaceWorld February 25, 17:17
Iran relies on Russia’s support in production of fuel for nuclear power plantsBusiness & Economy February 25, 16:20
Ukrainian military capture Donetsk water purification plant — spokesmanWorld February 25, 15:05
Azerbaijan and Armenia report armed clashes in Karabakh conflict areaWorld February 25, 11:45
Head of Russian delegation to OSCE PA says Ukraine not ready for dialogueRussian Politics & Diplomacy February 25, 5:02
MOSCOW, January 16. /TASS/. Russia’s VTB Bank extended a 692.4 bln rubles ($11.6 bln) bridge loan to buyers of the 19.5% stake in oil major Rosneft in December 2016, Russian media holding RBC says on Monday citing materials of Singapore’s QHG Shares.
"On December 15, 2016 VTB and Singaporean QHG Shares Pte. Ltd made a loan agreement, according to which the state-owned bank gave 692.4 bln rubles to QHG Shares, as it follows from papers of QHG Shares presented to Singaporean regulators," RBC said.
Conditions of the loan, such as the term and the rate, are not disclosed in materials available with RBC.
A source close to buyers of Rosneft shares confirmed to RBC that VTB issued the bridge loan amounting to 692.4 bln rubles ($11.6 bln).
According to RBC, Singapore’s QHG Shares was de-facto owned by Glencore at the moment of receiving financing from VTB: UK’s QHG Investment LLP established in early December by Glencore-related companies was its shareholder. Qatar Holding, a subsidiary of Qatar’s sovereign fund, became the partner of Glencore in QHG Investment in late December 2016. Rosneft disclosed that Singapore’s QHG Shares became the shareholder of the oil producer with the stake of 19.5% in January 2017.