Download ALBA: Pot Line 5 Expansion Project COST OF FINANCE PDF

TitleALBA: Pot Line 5 Expansion Project COST OF FINANCE
File Size461.4 KB
Total Pages14
Document Text Contents
Page 2

Sr. No. Sources
Amount

(US$ mil)
Tenor

(years)

Base
Lending

Rate

Spread
(bp)

Upfront
Guarantee

Fee (bp)

1

Commercia

l bank

loans 350 10 LIBOR 110 0

0

2

ECA

guar./insur

ed loans 1200 8.5 CIRR 60 600

12 600

8.5 600

12 600

Total debt $1,550

Shareholde

rs' equity

(cash) 150

Project

total $1,700

SUMMARY:

Amount ($ mil)

Avg Cost

%/yr

Upfront

(AVG)%

Net Cost

(%/yr)

Commercial

bank loans 350 2.88 0.875 2.963

ECA

guar./insure

d loans 1200 5.63 6.875 6.316

Base Case Financing Strategy

COST OF FINANCING: ALBA Pot Line 5 Expansion Project

Base Case Finance Strategy

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