A bridge over power and water
- From: Vol 9, Issue 11 (November 2008)
- Category: General
- Region: Middle East
- Country: United Arab Emirates
The lenders on Shuweihat 2 are proposing a short-term bridging loan to keep the IWPP on track. The margin is twice that originally proposed.
The three banks mandated to arrange the USD2.2 billion debt package for Shuweihat 2 in Abu Dhabi are discussing a bridge loan with the sponsors in order to get the large independent power and water project underway without too much delay.
Calyon, Natixis and BayernLB were forced to look for an alternative when it became clear that their original ...
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