Nord Stream Taps Three Banks as Advisers for 2.5 Billion Euros of Loans

(Bloomberg, London & Moscow, 10 November 2010) Nord Stream AG hired three banks to advise it on 2.5 billion euros ($3.4 billion) of loans to ship Russian gas under the Baltic Sea to Germany. The financing will include 16-year borrowings backed by export credit agencies and 10-year portions from commercial lenders.