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Saudi NEOM Green Hydrogen Co. seals $8.5bn finance deals

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Kokel, Nicolas
3/3/2023 5:50 AM

Total financing consists of $5.85bn of senior debt and $475m of mezzanine debt facilities. Both are arranged on a non-recourse project finance basis, as follows: > $1.5bn from the National Development Fund on behalf of the National Infrastructure Fund > $1.25bn in the form of SR-denominated financing from the Saudi Industrial Development Fund > The balance is from a consortium of financiers, structured as a combination of long-term uncovered tranches and an Euler Hermes covered tranche, comprising: >> First Abu Dhabi Bank >> HSBC >> Standard Chartered Bank >> Mitsubishi UFJ Financial Group >> BNP Paribas >> Abu Dhabi Commercial Bank >> Natixis >> Saudi British Bank >> Sumitomo Mitsui Banking Corporation >> Saudi National Bank >> KFW >> Riyad Bank >> Norinchukin Bank >> Mizuho Bank >> Banque Saudi Fransi >> Alinma Bank >> Apicorp >> JP Morgan >> DZ Bank >> Korea Development Bank >> Credit Agricole #greenhydrogen  #greenammonia 

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