SG sets up $100m credit facility for Kazakh energy company
SG Corporate & Investment Banking (SGCIB) said earlier this week that it has arranged an unsecured 66-month $100 million loan and hedging facility for Canada-based PetroKazakhstan Kumkol Resources (PKKR). PKKR is a subsidiary of PetroKazakhstan Inc, an international energy company based in Calgary, Canada.
The facility is governed by a borrowing base, which is a valuation of the cashflow, made on the basis on an assessment of the company’s crude oil reserves. The borrowing base is
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