Barzan export financing closes

14 Dec 2011

A joint venture led by Qatar Petroleum has tapped the export finance market to fund the $10.4bn Barzan gas project.

Japanese export credit agency JBIC stumped up $600m to lend alongside ANZ, SMBC, BTMU, HSBC and Mizuho. The total amount lent by the group reached $1.2bn. Japan’s other ECA Nexi guaranteed the facility.

The total debt facility was originally set for $4.7bn split between a syndicated loan and an ...

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