View news from   +  advanced search
You are here: Home Sectors Oil & Gas Barzan Gas: Liquidity in an illiquid market
Project Finance Copying and distributing are prohibited without permission of the publisher

Barzan Gas: Liquidity in an illiquid market

13 December 2011

Despite perceived illiquidity in the international bank market, Qatar Petroleum (QP) and ExxonMobil, along with financial advisor Royal Bank of Scotland, have reached financial close on the $10.3 billion Barzan gas project – Qatar’s biggest project financing to date.

The $7.25 billion debt facilities closed with a major oversubscription and a highly competitively priced mix of long term ECA and commercial bank debt: Margins range between 130bp over Libor and 200bp over the 16 year term.

The project is now fully funded on a 70/30 debt-to-equity ratio and plans for a complementary bond deal have been put on hold until the bond market becomes more...

Latest Deals Database updates

Panhandle Wind Update date 19/06/2013
Sector Renewables > Onshore wind
Country North America > USA
Total Debt Loan Amount
Status Finance mandated
Mollo Hydroelectric Project Update date 19/06/2013
Sector Renewables > Small hydro
Country Latin America > Peru
Total Debt Loan Amount
Status Preferred bidder
Cavite-Laguna Expressway Update date 19/06/2013
Sector Transport > Highway maintenance
Country Asia > Philippines
Total Debt Loan Amount
Status Tender launched

Most read in past 24 hours

  1. AXA launches infrastructure debt group

  2. InterGen closes refinancing

  3. AES Gener nears launch with Alto Maipo

  4. Dow and Aramco sign on Sadara

  5. Costs rise at Rio Tinto's Simandou iron

  6. Odebrecht postpones drill-ship bond issue

  7. Isolux, Enex and Engevix win Mollo hydro

  8. Thameslink nears close

  9. US power's leveraged lease dilemma

  10. Samsung picks EPC for Grand Renewable PV

Change font size: Switch to default font size Switch to medium font size Switch to large font size
back to top

Home

Sectors

Data & People

My Account

Information

Event Diary


Deals Of The Year


Jobs


Directory


Supplements


Site Links


All material subject to strictly enforced copyright laws. © 2013 Euromoney Institutional Investor PLC.