Middle East Economic Survey
RasGas 2/3 Completes $3.22Bn Expansion Financing
RasGas 2/3 on 9 August completed the $3.22bn financing for its expansion, with $2.25bn in bonds and a bank facility of $970mn. Two borrowers RasGas 2 and RasGas 3 were involved in the deal, but each guarantees the others obligations, and the financing is therefore effectively a single credit. Total financing for the expansion comes to $4.6bn, with the remaining $1.38bn being...