Markets
Nigeria LNG asks BNP Paribas to raise $1.6bn to buy six ships
LAGOS: Nigeria Liquefied Natural Gas Company has appointed French Bank BNP Paribas and GT Bank as financial advisers t
1 min
By
The company, which is majority owned jointly by the state oil company NNPC and Royal Dutch Shell, told Reuters a year ago it had contacted global banks to appoint advisers in other to explore the best option to raise funds.
The banking source said the loan was being structured as a medium to long term financing and that final tenor and pricing will be based on demand with financial close expected by the end of March 2013.