News Formal

Afreximbank: We provided $650m loan for Oando’s acquisition of NAOC

  • 📰 thecableng
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 80%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

Afreximbank says it arranged a senior $500 million and a junior $150 million reserve-based lending facility for Oando.

The African Export-Import Bank says it arranged a senior $500 million and a junior $150 million reserve-based lending facility for Oando Petroleum and Natural Gas Company Limited.

the value of oil and gas reserves determine the quantity of a lending facility accessible to the borrower. Afreximbank said the JV still has reserves of 1.2 billion barrels of oil and 10.7 trillion cubic feet of natural gas.“Afreximbank, retained as mandated lead arranger for the transaction, also served as bookrunner, coordinator, underwriter, escrow agent, facility agent and security trustee, and also participated and underwrote US$350 million of the facility,” the statement reads.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 2. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Oando completes $783 million Agip acquisition dealOando PLC has announced the successful acquisition of Eni’s Nigerian subsidiary, Nigerian Agip Oil Company (NAOC).
Bron: GuardianNigeria - 🏆 1. / 94 Lees verder »

Oando completes $783 million Agip acquisition dealOando PLC has announced the successful acquisition of Eni’s Nigerian subsidiary, Nigerian Agip Oil Company (NAOC).
Bron: GuardianNigeria - 🏆 1. / 94 Lees verder »