Nakilat out to lenders to raise $1bn

26 Mar 2009

Qatar Gas Transport Company, or Nakilat, is in the market with a $1bn facility which it wants to raise over the next year to finance the acquisition of liquid natural gas (LNG) vessels. A series of meetings with potential lenders have been scheduled for next week, EuroWeek understands, although the borrower has already been sounding out lenders.

BNP Paribas is understood to be advising on the Islamic portion of the transaction, while SMBC is coordinating the conventional part of the deal, according to banks being approached to come in. The split is understood to be between $300m to $500m on the Islamic tranche and $500m ...

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