Middle East Economic Survey


No 30


Dolphin Signs $1.36Bn Bridge Loan Deal With 16 Banks

Dolphin Energy Limited (DEL) announced on 21 July that it has signed a $1.36bn bridge loan agreement with a consortium of 16 local, regional, and international banks. The proceeds will be used to fund a portion of the construction and operating costs for the multi-billion Dolphin Project. The five year deal is a step up structure with initial pricing of 45 bps over Libor, rising to 65 bps...