Financial and Banking News
LOANS AND ISSUES
ADGAS Mandates $650mn
The Abu Dhabi Gas Liquefaction Company (ADGAS) has mandated a group of seven banks to arrange a $650mn refinancing and new money package. Of the total, $150mn represents new lending to finance an expansion project, while the rest is to refinance the $500mn eight-year loan which was signed in 1983. The same banks which arranged the 1983 facility have been mandated this time: the National Bank of Abu Dhabi (NBAD), the...
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