BG Group secures 1.8bn dollar loan
BG Group, the FTSE 100 gas giant, has secured a loan worth 1.8bn dollars from the Export-Import Bank of the US.
BG Group, the FTSE 100 gas giant, has secured a loan worth 1.8bn dollars from the Export-Import Bank of the US.
The loan has been taken to both diversify its funding plans and 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.
In a statement the group said the 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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
In November BG signed a new $3.0bn syndicated facility, taking the total of undrawn committed bank borrowing facilities to $5.2bn. In September, the group eached an agreement with Japan Bank for International Cooperation (JBIC) aimed at supporting the long-term supply of liquefied natural gas to Japan.
The share price edged 0.05% higher to 1,008.50p.
NR
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
UK-US trade deal announced: US cuts tariffs on UK car imports to 10%
Keir Starmer and Donald Trump have announced a UK-US trade deal, but the US president has refused to lift baseline tariffs on most UK goods. What does it mean for the UK?
-
How to use mid-caps to diversify from the US
Medium sized companies are overlooked by investors but could offer an attractive ‘sweet spot’. We consider the case for mid-caps amid market volatility.