Jura Energy enters into a secured long term syndicated Islamic facility (Scandinavian Oil-Gas Magazine)

Jura Energy enters into a secured long term syndicated Islamic facility

Published Jan 1, 2016

Jura Energy Corporation reveals that its wholly-owned subsidiary, Spud Energy Pty Limited (SEPL), has entered into a secured long term syndicated financing arrangement (the "Facility") totalling Pakistan Rupees (PKR) 750 million (US$7,153,500 using the Bank of Canada December 29, 2015 exchange rate of PKR1 = US$0.009538) effective December 18, 2015.

The syndicate is comprised of Al Baraka Bank (Pakistan) Limited (ABPL), the lead arranger and JS Bank Limited (JSBL), a related party of Jura, with participation of PKR 500 million and PKR 250 million respectively.

Tags: Jura Energy Corporation

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