By Simon Pirani
Sakhalin Energy, the project company majority-owned by Shell, last month announced that about half of the estimated $10 billion cost of its LNG plant is likely to be debt financed. Most of the debt will come from a group of multilaterals and export credit agencies led by the Japanese Bank for International Cooperation (JBIC). But up to $2 billion is expected to be funded by a bond issue or syndicated loan.
CSFB, taken on in December 2000 as financial adviser to Sakhalin Energy, would be strongly placed to win the mandate for a bond issue.
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