Gazprom M&T Unit Gets $250 Mln 1-Year Syndicated Loan

7th Jul 2010 10:06

MOSCOW (Dow Jones)--Gazprom Marketing & Trading Ltd. on July 1 signed a $250 million 1-year loan facility exclusively coordinated by Royal Bank of Scotland, the company said Wednesday. "The deal achieved a significant oversubscription with strong interest from the market," said Gazprom Marketing & Trading, a unit of Russian state-controlled gas producer OAO Gazprom (GAZP.RS). Gazprom Marketing & Trading is responsible for optimizing Gazprom's commodity assets and downstream expansion. The unit posted revenue last year of over GBP9 billion, an increase of 34% from 2008, and generated earnings before interest, taxation, depreciation and appreciation, or Ebitda, of GBP166 million. -By Jacob Gronholt-Pedersen, Dow Jones Newswires; +7 495 232 9197; [email protected] (END) Dow Jones Newswires July 07, 2010 05:06 ET (09:06 GMT)