Barzan gas PF will get tight margin
Banks will submit project finance bids for the Barzan gas project in Qatar by the end of this month. The $4.7bn in loans is split between a $2bn syndicated loan and a $2.7bn facility covered by export credit agencies.
Both loans will have a 16 year maturity and the ECA-covered facility is split between $1.35bn in direct export credit agency financing and $1.35bn in loans that will be provided by commercial lenders and guaranteed by the export credit agencies.
Pricing on the deal is set to be extremely
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