BG Group agrees three billion dollar syndicated credit facility
Gas giant BG Group has agreed a new five-year, three billion dollar syndicated committed credit facility.
Gas giant BG Group has agreed a new five-year, three billion dollar syndicated committed credit facility.
The loan replaces $2.3bn of expiring bilateral committed credit lines.
The execution of this new, revolving credit facility was co-ordinated by Bank of America Merrill Lynch and HSBC Bank and it includes a diversified group of international banks.
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
The new facility is in addition to the $2.2bn of five-year bilateral committed credit lines secured in 2011, taking the total of BG Group's undrawn committed bank borrowing facilities to $5.2bn.
The funds are earmarked to fund the growth programme across its portfolio, which includes its Queensland Curtis LNG project in Australia and a stake in the 'big five' oil fields in the Santos Basin in Brazil.
CM
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.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Is it time to ride the recovery in emerging markets?
Interview What's the outlook for emerging markets? Gustavo Medeiros, head of research at Ashmore Group, gives his analysis and reviews progress in developing economies
-
Could the Enterprise Investment Scheme cut your tax bill?
The Enterprise Investment Scheme is tax-efficient and potentially lucrative. Taking a chance on the scheme could trim your family’s IHT bill, says David Prosser