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HSBC leads Coface-backed Shoaiba III to close
23 June 2011
A club of five banks has signed the ECA-backed financing of Saudi Electric Company’s Shoaiba III thermal power plant south of Jeddah.
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Shoaiba III
Saudi Electric
Coface Saudi Arabia
power Middle East
ECA Middle East
HSBC Middle East
Coface Middle East
A club of five banks has signed the export credit agency-backed financing of Saudi Electric Company’s Shoaiba III thermal power plant.
The $989.1 million 15-year facility for SEC, the largest utility company in the Middle East, was led by HSBC ($446.4 million), acting as structuring bank, co-ordinating arranger and initial mandated lead arranger, leading a group of four other banks consisting of The Bank of Tokyo Mitsubishi UFJ ($239.1 million), Deutsche...
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