Vol. XL

No. 1

6-January-1997

QATAR

Ras Laffan Financing Finalized

Arrangements between export credit agencies (ECAs) and commercial banks for the financing of the Ras Laffan LNG project have been finalized. According to a statement issued by Industrial Bank of Japan, which along with Credit Suisse was the co-lead manager on the deal, the commercial banks are to provide $450mn in debt and the ECAs $900mn, split as follows:

$mn

Commercial Banks

450

USEXIM

465

ECGD

250

SACE

...