Finance & Investing | Capital Markets
BG Group secures $1.8bn US Ex-Im Loan
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BG Group today announced that it has secured a $1.8 billion loan from the Export-Import Bank of the United States (US Ex-Im). The loan, which marks further progress in the Group’s funding diversification plans, is also designed to support the export of US services and equipment for the ongoing delivery of the Queensland Curtis LNG project in Australia which is on schedule for first gas in 2014.
The US Ex-Im loan is the latest source of funding secured via the Group’s active treasury programme which helps to underpin the delivery of its key growth projects. Only last month BG Group agreed a new $3 billion syndicated facility, taking the total of undrawn committed bank borrowing facilities to $5.2bn, and in September 2012 reached an agreement with Japan Bank for International Cooperation…
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