VOL. XLIV

No 48

26-November-2001

REGIONAL BANKING

Ras Laffan Electricity CompanySigns $572.25Mn Syndicated Loan

On 20 November Ras LaffanElectricity Company secured a total $572.25mn project finance facility with aconsortium of international and regional banks to finance Qatars first $720mnindependent power/water project at Ras Laffan. MEES understands that thefacility is priced over Libor as follows: pre-completion margin 120bps,post-completion to year six 115bps, years 7-12 135bps and years 13...