Shu 2 done
The Shuweihat 2 bridge financing was duly signed just before the holidays and work will now start on the long-term financing. The six banks were Bayerische Landesbank, Calyon, Natixis, National Bank of Abu Dhabi, KfW and Standard Chartered. The US$945m nine-month loan was priced at 150bp with a 100bp fee and a 50bp commitment fee. The swaps were done by BBVA, Natixis, HSBC and Bayerische Landesbank.
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