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TAIF in talks on raining $12bn for funding projects

November 02, 2010 | Cbonds

A meeting between top management of TAIF and bankers from Merrill Lynch took place on October 26. TAIF’s top management plans to hold meetings with other major international banks, such as J.P.Morgan, Deutsche Bank, Credit Swiss, in the near future. Representatives of these banks will visit main TAIF’s objects to provide financing for oil refining and petro chemistry projects in the Russian republic of Tatarstan. Implementation of these projects worth $12bn will allow TAIF to have increased annual earnings to $30bn by 2017.

Company: TAIF

Full company nameOAO TAIF
Country of riskRussia

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