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FINANCIAL NEWS
Bahrain LNG issues USD741mn loan
13 Dec 2016
(MENAFN) Bahrain LNG, the developer of the nation’s first natural gas terminal has secured USD741mn loan, which has a tenor of 20 years of nine global and local banks.
Furthermore, the banking syndicate involves Apicorp, Standard Chartered Bank DIFC, Korea Development Bank, Ahli United Bank, Banco Santander and others.
In addition, Korea Trade Insurance Corp offered commercial and political risk cover for almost 80 percent of the financing.
The project will have a capacity of 800mn standard cu ft per day and will be owned and once finished in early 2019, operated under a 20-year agreement.
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