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Surgil financing structure unveiled
17 February 2012
With the participants on Uz-Kor Gas’ Surgil gas project scheduled to meet in London next week, Trade Finance unveils the financing structure for Uzbekistan’s first project finance.
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export credit agency
eca
K-sure
Kexim
EKN
Hermes
Surgil
Uz-Kor Gas
Uzbekistan
Uz-Kor Gas will meet with lenders next week in London to finalise the financing documentation for its Ustyurt gas chemical complex in Surgil, Uzbekistan, in order to make sure it is ready for signing by the end of March.
Trade Finance has learned that the financing will consist of nine tranches: four direct loans and five covered facilities.
The direct loans will come from the National Bank of Uzbekistan, China Development Bank (CDB), Asia Development Bank (ADB), and Korean export credit agency Kexim.
The...
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