Ajman refinancing closed
- From: Vol 7, Issue 4 (April 2006)
- Category: General
- Region: Middle East
- Country: United Arab Emirates
- Related Companies: Allen & Overy, Ambac Assurance UK, Bayerische Landesbank, Besix, Black & Veatch, Denton Wilde Sapte, HypoVereinsbank, ING, Mashreqbank, Moody’s, Six Construct, Standard & Poor’s, Thames Water, United Arab Bank and Veolia
Formerly reduced construction can now proceed at full steam.
The refinancing of the $180 million Ajman wastewater project was completed last month. The project’s senior debt has been arranged by ING Bank’s London-based infrastructure finance team. The refinancing coincides with a shareholder restructuring, completed earlier this year, which has seen Thames Water sell its 60% interest in the project company, Ajman Sewerage (Private) Company Ltd., to Besix ...
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