VOL. XLVII
No 11
15-March-2004
ENERGY FINANCE
IP, Saudi Oger Seal $510Mn IPP Financing Deal
The UKs International Power (IP) and construction group Saudi Oger have closed a deal for a $510mn non-recourse facility over 17 years to help fund the construction of four independent power projects (IPPs) at a total cost of SR2bn ($533mn). The deal was lead-arranged by Arab National Bank (ANB), Banque Saudi Fransi and Samba Financial Group. General syndication was completed with Saudi Hollandi Bank, Saudi...
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