Power installations
Chika Amanze-Nwachuku writes that the recent project finance facility signing between Accugas and some financial institutions will go a long way towards addressing the problem of gas shortage gripping the country
Perhaps, the only significant investment in the Nigeria’s oil and gas industry since the beginning of this year was the last month’s signing of a $225million syndicated medium-term facility between Accugas Limited, a wholly subsidiary of Seven Energy International Ltd and five Nigerian financial institutions.
Perhaps, the only significant investment in the Nigeria’s oil and gas industry since the beginning of this year was the last month’s signing of a $225million syndicated medium-term facility between Accugas Limited, a wholly subsidiary of Seven Energy International Ltd and five Nigerian financial institutions.
The deal, which involved United Bank for Africa Plc, First Bank of Nigeria Plc, Stanbic IBTC and FCMB Plc, would enable Accugas complete some critical gas infrastructure projects that would deliver gas to both existing power stations and those under construction.
FBN Capital Limited, a subsidiary of FBN Holdings Plc, acted as the global coordinator bank, financial modeling bank and also undertook the role of de-facto financial adviser to the borrower, while the four banks jointly acted as Mandated Lead Arrangers on the transaction.
FBN Capital Limited, a subsidiary of FBN Holdings Plc, acted as the global coordinator bank, financial modeling bank and also undertook the role of de-facto financial adviser to the borrower, while the four banks jointly acted as Mandated Lead Arrangers on the transaction.
0 comments:
Post a Comment