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FINANCIAL NEWS
Qatar’s Nebras Power closes USD2.75bn debt financing
14 Sep 2017
(MENAFN) Nebras Power, a mutual venture of government entities Qatar Elect and Water Co. and Qatar Holding has closed an USD2.75bn multi sourced non-resource debt financing.
In addition, the financing package contains of USD800mn 20-year amortizing bond, USD1.2bn 13-year amortizing bond and a 6-year USD750mn amortizing.
Meanwhile, the aim of the mutual venture is to invest in power projects and to raise financing in the global fiscal markets for such projects.
Moreover, funds will be used by PT Paiton Energy to prepay outstanding senior debt facilities and subordinated stakeholders loans and for general corporate purposes.
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MENAFN1409201700450000ID1095857757
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