Enhancement of Al Baraka Financing Facility

Source Company Press Release
Company Jura Energy Corporation
Tags Country: Pakistan, Financing Activities: Debt Financing, Financing News, Upstream: Upstream News
Date August 25, 2017

Jura Energy Corporation ("Jura") is pleased to announce that its wholly-owned subsidiary Spud Energy Pty Limited ("SEPL") has entered into a supplemental third Musharaka Agreement with Al Baraka Bank Pakistan Limited ("ABPL"), as lead arranger, acting on behalf of itself and other participants in the syndicate, pursuant to which the facility amount of third Musharaka has been increased from 170 million Pakistan Rupees ("PKR") to PKR 470 million.

This resulted in an overall increase in facility amount from PKR 1,230 million to PKR 1,530 million.

Source: EvaluateEnergy® ©2024 EvaluateEnergy Ltd