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FPSO Loan Nears Close

Aug 8, 2012

Sponsors of a Brazil-bound floating production, storage and offload (FPSO) project are close to finalizing a 12-year $1.05bn loan, with closing expected this week, according to sources familiar with the transaction....

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There is performance risk that the market is going to have to evaluate and assess. I think that is very healthy for the market because that will enable us to finance a much wider range of projects.

Luis Fernando Andrade, Colombian National Infrastructure Agency


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