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PetroVietnam – ECA-backed financing
23 March 2009
Nexi anchors Vietnamese financing
Read more:
Nexi
PetroVietnam
Vietnam
Dung Quat
oil refinery
oil
untied loan
This deal is noteworthy as the first financing under Nippon Export and Investment Insurance's (Nexi) untied programme in Vietnam for a corporate borrower which does not feature a guarantee from the Ministry of Finance. The pre- and post-delivery financing is a neat example of a key export facility backed by a willing ECA and working with strong relationships banks. Remarkably the facility was over subscribed, no mean feat given the extremely challenging market environment during November when the deal closed.
Headquatered in Hanoi, PetroVietnam...
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