Standard Chartered Bank has signed an agreement with Samudra Energy, a privately-held Indonesian oil and gas company, to provide a four-year revolving US$35.5m debt facility. Samudra Energy will use the proceeds of the loan to re-finance a previous debt facility and to fund the development of the company’s portfolio of upstream oil and gas assets in Indonesia.
The loan is structured as a borrowing base facility, referenced to independently certified oil and gas reserves held by Samudra Energy during the life of the loan. In addition, the loan was arranged in accordance with the Equator Principles, a financial industry standard for the promotion of responsible environmental stewardship and socially responsible development.
“We are delighted to have signed this agreement with Standard Chartered. The structure of the facility allows us to focus on our core business, and leverage the value of our reserve base both though development of our current portfolio and the addition of new oil and gas assets.” said Adriansyah Chaniago, chief financial officer (CFO) of Samudra Energy.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more