Russian Oil Pump Maker Seeks $736M Financing Boost

Law360, New York (August 30, 2013, 2:15 PM EDT) -- The World Bank's investment arm said Friday that it is considering providing $200 million in equity and debt as part of a broader $736 million financing package sought by a Russian company that makes pumps used in oil wells.

The International Finance Corp. is weighing a loan or bond investment of up to $50 million, as well as a syndicated loan of up to $130 million and a $21 million equity investment in Borets International Ltd. The bank is set to decide by Sept. 30....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.