Barka 2 loan financing oversubscribed
- From: Vol 8, Issue 3 (March 2007)
- Category: General
- Region: Middle East
- Country: Oman
- Related Companies: HSBC, Mubadala Development Co, National Trading Co, SMBC, SMN Power Holding Co and Suez
The successful completion of the Barka 2/Al-Rusail loan financing will be followed by a partial IPO in 2010.
The finishing touches have been put in place for the financing of the Barka 2/Al-Rusail power and water project in Oman, with the first phase of syndication closing at the end of February on an oversubscribed basis.
HSBC and SMBC led a 16-strong banking team on the $800 million loan package, which was split into three tranches, reflecting the ...
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