Kazakhstan’s Kashagan doubles prepayment loan to $2bn
KazMunayGas Kashagan (KMGK), one of the owners of the Kashagan oil field in Kazakhstan, has increased a five year secured oil prepayment loan facility to $2bn, to fund repayments to buyers under its production sharing agreement.
KMGK represents Kazakhstani oil company KazMunayGas and national wealth fund Samruk Kazyna’s interests in the oil field.The facility was signed in November 2016 for $1bn. ABN Amro, MUFG, Mizuho, Cooperatieve Rabobank, SMBC were bookrunners and mandated lead arrangers. Crédit Agricole CIB and ...
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