Qatar Gas Transport Co, commonly known as Nakilat, has reportedly appointed a Japanese bank to arrange a $1 billion syndicated loan.
Mizuho Bank will be the sole mandated lead arranger and bookrunner of the five-year facility, which will be used for general corporate purposes, Bloomberg reported, quoting unnamed sources.
The facility has a greenshoe option, allowing its size to increase by an additional $330 million. A greenshoe option is a provision in an initial public offering underwriting agreement which allows underwriters to sell more shares than initially planned if demand exceeds expectations. It is typically used to ensure price stability, liquidity and to support stock prices in the market.
Nakilat will pay an interest margin of 82 basis points over the benchmark secured overnight financing rate, the report said.
In July the LNG shipping company said net profit rose by 4 percent year on year to QAR860 million ($236 million) in the first half of 2025.
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The company also finalised its first financing package with the Export-Import Bank of Korea for 25 Korean-built LNG vessels.
These vessels, wholly owned by Nakilat, will be chartered to QatarEnergy affiliates under long-term agreements to meet the growing global LNG demand.
The company’s share, which trades on the Qatar stock exchange, closed flat at QR4.82 on Monday. It’s share price is up 16 percent year to date.
AloJapan.com