Last Updated September 22, 2011
Samsung closes Bahrain PPP project
Samsung Engineering Consortium has closed its US$280mn public-private-partnership project in Bahrain’s wastewater sector.
Macquarie Capital arranged the 22-year financing solution of committed debt, which comprises a direct loan from Korea’s K-EXIM and a covered and uncovered commercial facility from Crédit Agricole, Natixis and SMBC.
Ashurst acted as the legal advisers for the sponsors, while Shearman & Sterling advised the lenders on the deal.
HSBC were the financial advisers and Norton Rose legally advised the Bahrain ministry of works and ministry of finance, Samsung tells GTR.
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