Middle East Economic Survey

VOL. LII

No 8

23-Feb-2009

UAE

Dolphin Tests Market, Seeking Bank And Bond Financing

Despite the ongoing financial crisis which has severely hampered lending and access to capital market funding, Dolphin Energys sponsors are seeking financing to replace a $3.45bn bridge loan, which along with an earlier bridge facility, financed the regional gas projects construction. The financing was launched on 12 February when an information memorandum was sent out to banks requesting...