VOL. XLIII
No. 15
10-April-2000
QATAR
MBIA And Ambac Monoline Insurers On NGL-4; Compass And TAGS Selected As Conduits
Following the announcement that Qatar General Petroleum Corporation (QGPC) has secured a total of $800mn in financing for its NGL-4 project, MEES understands that the monoline insurers on the third $400mn commercial paper (CP) tranche are MBIA ($200mn) and Ambac ($200mn) of the US. The insurance wrap will allow for the preliminary project rating of BBB+ issued by Standard and...
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