Abu Dhabi wastewater deal takes shape
- From: Vol 10, Issue 5 (May 2009)
- Category: General
- Region: Middle East
- Country: United Arab Emirates
- Related Companies: Abu Dhabi Sewerage Services Company, Abu Dhabi Water and Electricity Authority , BNP Paribas, Calyon, KBC Bank NV, Mizuho Corporate Bank and Natixis
The group of banks responsible for financing Abu Dhabi’s ISTP2 project should be finalised later this month. The bridging loan expires in August.
The sponsors of Abu Dhabi's second independent sewage treatment project (ISTP2) are soliciting commitments from banks to participate in a $400 million debt package to finance the project.
The term of the loan will be nine years initially, though this will be extendable to just under twenty years. BNP Paribas is the financial adviser on the scheme.
Although industry ...
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