UPDATE: Terms out on Staatsolie loan, sources

UPDATE: Terms out on Staatsolie loan, sources

Loans Energy Caribbean

At least six to eight lenders have joined Staatsolie's $625m seven-year syndicated loan, two sources have told LatinFinance. Suriname's state-backed petrol company will pay approximately 512.5bp over Libor for the bank debt and will use proceeds to repay the sovereign issuer, both sources confirmed. Credit Suisse led the transaction, but declined to comment on the terms of the deal. Calls to Staatsolie's press office went unanswered. Sources said ING and First Caribbean were lead arrangers on th

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