VOL. XLIII

No. 16

17-April-2000

TURKEY

Moscow Loan Ceremony Boosts Prospects For Blue Stream

Italys Eni and Russias Gazprom, equal partners in the Blue Stream Pipeline Company BV (BSP), signed loan documents for $1.1bn in Moscow on 11 April with Banca Commerciale Italiana, Mediocredito Centrale and West LB. Both Gazprom and BSP will receive portions of the loan, with the former being the main borrower. The duration of the loan, on which interest has been set at a CIRR rate of 7.1%, covers a...