Saudi Electricity Company (SEC)

Saudi Electricity Company - KSA-Egypt Interconnector Project - EKN Covered Loan

Industry
Power/Electricity transmission
Area of finance
Project & Infrastructure Finance
Region
Middle East
Middle East
Countries
Saudi Arabia

Deal Overview

Saudi Electricity Company has sealed an ECA-backed project financing. The $567.5 million loan, with a tenor of 14 years, is backed by Sweden's EKN, SCB and SMBC are the original lenders for 100% of the loan amount signed on 11th Aug 22, and the loan was assigned to SEK on 12th Sept. It will be...

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Deal Volume
$566.42m
Financial Close
09/12/2022
Dealmakers
Hironari Kagami

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Paul Hodgson-Jones

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William Fournel

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Tranches

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Project Deals

Saudi-Egyptian HVDC Interconnector Project
$1.8bn
Greenfield
Electricity transmission
Middle East
Middle East
Saudi Arabia