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RasGas to issue US$2.23bn of international bonds

Money to be used to fund completion of projects and servicing debts

By Kevin Baxter  
By Kevin Baxter  

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A joint venture between Qatar Petroleum and ExxonMobil has announced that it is to issue US$2.23 billion of international bonds. 

News agency Bloomberg announced that Ras Laffan Liquefied Natural Gas (RasGas) will use the proceeds from the bonds to fund the completion of the remaining works of the RasGas LNG trains 6 and 7 project, various shared facilities, offshore developments, and to repay loans.

The bonds have been given an ‘A’ credit rating by Standard & Poor.

 

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