Middle East Economic Survey
RasGas Sees Largest Ever Order Book For Middle East Bond
The Ras Laffan Liquefied Natural Gas Company (RasGas) paper came in oversubscribed and at $18bn secured the largest order book ever seen for a Middle East bond issue. The bond, together with pari passu (on the same terms) lending from an affiliate of ExxonMobil, provides $3.186bn and wraps up the $10bn multi-phased funding program for the RasGas 2/3 LNG project (MEES, 20 October...
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