Ad Dur due
The US$1.7bn mini perm financing for the US$1.7bn Ad Dur independent water and power project (IWPP) is due out to the market shortly. Final details on the financing are still being decided by sponsor Suez/GIC but it appears that the deal will have an eight-year tenor and US$500m of Kexim support. Banks will be asked to commit US$100m each.
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