Videocon

10% share (OVL+OIL)

$2.475bn
Anadarko
10% share (OVL)
$2.64bn
OIL
4% share / $0.99bn
OVL
6% share / $1.485bn
- $1.3bn short term
bridge finance loan
- $0.725bn short
term bridge
finance loan
- $1.775bn 5 yr term
loan.
- $1.5bn short term
bridge finance loan
$1bn for 4% share
and remaining to buy
1% from OVL
- Bridge loan needs to be repaid or replaced with syndicate loan within one year.
- OVL plans to raise fund to replace its short term bridge loan of $2.225bn ($1.5bn +
$0.775bn) thru USD bonds and Euro bonds. OVL plans to raise $500-700 million loan by
pledging future crude oil production from its overseas assets to fund acquisitions.
- OIL plans to raise funds through a mix of foreign currency bonds and long-term external
commercial borrowings to refinance its bridge loan of $1.3bn.
OVL OIL Financing scheme for Mozambique Gas Asset