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Citigroup, Santander and JPMorgan Working on $1 Billion Financing for TGS Vaca Muerta Shale Project
Three major banks are structuring financing for an energy project in Argentina's largest shale basin. The package totals roughly $1 billion.
Jun 3, 3:38 PM·1m read1 source
ibtimes.co.ukAudio version
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Citigroup, Banco Santander and JP Morgan are working on a roughly $1 billion finance package for a project by TGS in Argentina’s Vaca Muerta shale formation. @business reported the three institutions are among the lenders on the deal. The financing targets development inside the Vaca Muerta formation, a major shale play in western Argentina.
The reported size of the package is approximately $1 billion. No closing date or final terms were disclosed in the reporting.
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