The 174,000 cu m vessels are to be built by Hudong-Zhonghua and will be long-term chartered to BG as part of its shipping fleet.
Australia and New Zealand Banking Group (ANZ) and The Export-Import Bank of China (China Exim) acted as joint financial advisors, to the four companies and charter BG. The financing comprises 50% export credit agency financing from China Exim and 50% commercial loans with a tenor of 17 years.
Mandated lead arrangers for the financing are ANZ, Bank of America Merrill Lynch, The Bank of Tokyo-Mitsubishi UFJ Ltd, China Exim, Mizuho Bank Ltd, Sumitomo Mitsui Banking Corporation and Industrial and Commercial Bank of China.
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