Asia Connect
JBIC leads US$3 billion debt facility for Adnoc
Deal seeks to ensure stable crude oil supply from Abu Dhabi for Japanese companies
Michael Marray
24 Nov 2021
The Japan Bank for International Cooperation ( JBIC ) has led a US$3 billion debt facility for Abu Dhabi National Oil Corporation ( Adnoc ), intended to support the energy group in ensuring stable imports of crude oil by Japanese companies. JBIC is lending US$2.1 billion. The facility is co-financed by Sumitomo Mitsui Banking Corporation as the agent bank, HSBC Tokyo Branch, Mizuho Bank, and MUFG Bank, which together are lending another US$900 million.