Srbijagas JP Seeking $247.6 Million in Sovereign-Backed Loans

Platts reported that Serbia’s natural gas heavyweight, Srbijagas JP, is seeking 190 million euros ($247.6 million) in sovereign-backed loans.

As quoted in the market report:

The aid for the liquidity-stricken Srbijagas needs parliamentary approval. The company wants to borrow 50 million euros from the London-based Deutsche Bank AG (DBK) and 20 million euros from Amsterdam Trade Bank NV, according to a draft bill the government submitted to lawmakers today.

To view the whole Platts report, click here.