A group of 13 lenders, comprising global banks and institutional investors, has empowered Yinson Production, a subsidiary of
The funding is earmarked for the pre- and post-delivery financing of a floating production, storage and offloading (FPSO) vessel set to operate off the coast of
The financing package for the construction of the Agogo FPSO is structured into three secured tranches with staggered maturities of up to ten years post-delivery of the FPSO, transitioning to non-recourse at that time, subject to specific conditions.
If you would like to read more about the key events shaping the African oil and gas sector, then please click here for NewsBase's AfrOil Monitor.
©2024 bne IntelliNews
, source