VOL. XLIII

No. 22

29-May-2000

QATAR

QGPCs NGL-4 Closes With $400Mn Commercial Paper Conduit Finance Tranche

Qatar General Petroleum Corporation (QGPC) on 25 May finalized the third tranche of a total $1.2bn in finance for its NGL-4 project. This final tranche comprises $400mn worth of 11-year notes issued to two commercial paper conduits $200mn to TAGS, an asset backed commercial paper conduit sponsored by Greenwich NatWest (financial advisers on the project), and $200mn to Compass Holdings...