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Credit agreement with Export Development Canada

23rd Apr 2012 12:30

RNS Number : 8614B
BG GROUP plc
23 April 2012
 

 

 

 

 

News Release

23 April 2012

BG Group signs US$500 million credit agreement with

Export Development Canada

BG Group today announced a US$500 million credit agreement with Export Development Canada (EDC). The agreement has an initial term of four years with the option to extend for an additional 12 months.

 

The agreement with EDC will build upon BG Group's existing relationships with Canadian service providers and will encourage BG Group to examine other potential procurement opportunities for Canadian goods and services across the Group's global portfolio.

 

BG Group Chief Financial Officer, Fabio Barbosa said: "We are pleased to have secured this US$500 million credit facility with EDC and we look forward to developing our relationship with them.

 

"In addition to this agreement, in the last 12 months we have successfully raised $5.6 billion on the international bond markets; increased our uncommitted facilities to $4.5 billion; signed a memorandum of understanding with the Bank of China for up to $1.5 billion of funding support; and, received initial approval from the Brazilian Development Bank for up to $1.8 billion in long-term finance.

 

"This latest agreement builds on those successes which continue to diversify our international funding sources and help underpin the delivery of our global growth programme."

 

-ends-

Notes to Editors:

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 25 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

Picture Desks:

For images of BG Group visit:  www.vismedia.co.uk (requires additional registration)

 

Contact:

Neil Burrows: +44 (0) 118 929 2462 [email protected]

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

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

Investor Relations: +44 (0) 118 929 3025 [email protected]

 

 

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.

 

 

 

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