ECC approves swapping of SSGC secured loan worth Rs21bn

MG News | March 21, 2022 at 11:27 AM GMT+05:00

0:00

March 21, 2022 (MLN): Sui Southern Gas Limited (SSGC) has informed through a notice to exchange that the Economic Coordination Committee of the Cabinet (ECC) has approved the summary regarding swapping of SSGC secured loan from HBL — led consortium with Faysal Bank Limited amounting to Rs21 billion and re-issuance of sovereign guarantee in favour of later.

The new loan will be at 6-month KIBOR + 10 bps compared to the earlier arrangement of 6-month KIBOR +110 bps.

This swapping arrangement will save Rs730 million (approx) in finance cost to the company over the period of four and a half years, the company said.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%