Papua New Guinea eyes $200m from maiden loan

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By Shruti Chaturvedi
17 Nov 2016

Papua New Guinea is set to make its offshore syndicated loan debut with a $200m five year facility. Arranger Credit Suisse is holding discussions to expand the top group, according to a source.

The government of the Independent State of Papua New Guinea (PNG) is borrowing the money for projects approved under its budget. Credit Suisse pre-funded the loan a few weeks ago and hopes to bring in more arrangers. There is no formal invitation or term sheet and the process ...

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