BP turns to PXFs as banks learn the Yukos lesson

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PRE-EXPORT FINANCING

BP turns to PXFs as banks learn the Yukos lesson

Issue: 1168 - 17 August 2010

BP this week turned to pre-export financing to raise cash. The structure has proved useful for many other borrowers over the last couple of years — but it is also attracting a growing number of critics. ..

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