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BG Group secures $1.8bn US Ex-Im Loan

31st Dec 2012 10:00

RNS Number : 5378U
BG GROUP plc
31 December 2012
 

 

 

News Release

31 December 2012

BG Group secures $1.8bn US Ex-Im Loan

BG Group today announced that it has secured a $1.8 billion loan from the Export-Import Bank of the United States (US Ex-Im). The loan, which marks further progress in the Group's funding diversification plans, is also designed to support the export of US services and equipment for the ongoing delivery of the Queensland Curtis LNG project in Australia which is on schedule for first gas in 2014.

The US Ex-Im loan is the latest source of funding secured via the Group's active treasury programme which helps to underpin the delivery of its key growth projects. Only last month BG Group agreed a new $3 billion syndicated facility, taking the total of undrawn committed bank borrowing facilities to $5.2bn, and in September 2012 reached an agreement with Japan Bank for International Cooperation (JBIC) aimed at supporting the long-term supply of liquefied natural gas to Japan.

In addition to this,since October 2011 $7.7 billion has been raised from capital markets, including the successful issuance of $2.1 billion in hybrid bonds. The Group has also reached an initial agreement with Brazilian Development Bank for up to $1.8 billion of new funding and signed a $500 million credit agreement with Export Development Canada.

-ends-

 

About BG Group:

BG Group plc (LSE: BG.L) is a world leader in natural gas, with a strategy focused on connecting competitively priced resources to specific, high-value markets. Active in more than 20 countries on five continents, BG Group has a broad portfolio of exploration and production, Liquefied Natural Gas (LNG) and transmission and distribution business interests. It combines a deep understanding of gas markets with a proven track record in finding and commercialising reserves. For further information visit: www.bg-group.com

 

There are matters set out within this announcement that are forward-looking statements. Such statements are only predictions, and actual events or results may differ materially. For a discussion of important factors which could cause actual results to differ from these forward-looking statements, refer toBG Group's Annual Report and Accounts for the year ended 31 December 2011. BG Group does not undertake any obligation to update publicly, or revise, forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.

Contact:

Mark Todd: +44 (0) 118 929 3110 [email protected]

Kim Blomley: +44 (0) 118 938 6568 [email protected]

Out of Hours Media Mobile: +44 (0) 7917 185 707

Investor Relations: +44 (0) 118 929 3025

 / +65 6304 2028 [email protected]

 

Social media channels:

Flickr flickr.com/bggroup

Twitter twitter.com/BGGroup

You Tube youtube.com/bggroupofficial

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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