{"id":14642,"date":"2022-08-15T08:43:16","date_gmt":"2022-08-15T08:43:16","guid":{"rendered":"https:\/\/riaabarkergillette.com\/pk\/?p=14642"},"modified":"2022-08-15T08:43:17","modified_gmt":"2022-08-15T08:43:17","slug":"refinancing-of-senior-debt-of-pakistan-international-bulk-terminal-limited-pibt","status":"publish","type":"post","link":"https:\/\/riaabarkergillette.com\/pk\/news-story\/refinancing-of-senior-debt-of-pakistan-international-bulk-terminal-limited-pibt\/","title":{"rendered":"Refinancing of senior debt of Pakistan International Bulk Terminal Limited (PIBT)"},"content":{"rendered":"\n

PIBT<\/em> was established on a build, operate and transfer basis (BOT) at Port Qasim, as Pakistan’s first terminal for handling coal, clinker and cement. Development of the project was financed by the World Bank\u2019s International Finance Corporation (IFC), the OPEC Fund for International Development (OFID) and a consortium of local lenders led by Faysal Bank.<\/p>\n\n\n\n

We acted as counsel to several local financiers, led by Allied Bank, on the refinancing of the local portion of the senior debt availed by PIBT, amounting to PKR 6,000,000,000. The transaction will ease PIBT’s cash flows for the purposes of the expansion project it intends to undertake.<\/p>\n\n\n\n

Our team for this matter comprised Shafaq Rehman (Partner \u2013 Pakistan) and Rafia Rauf (Senior Associate).<\/p>\n\n\n\n

Details on the refinancing and expansion plans can be found at: https:\/\/mettisglobal.news\/pibtl-approves-repayment-of-outstanding-loans-worth-rs5-904bn-from-banks\/<\/a> and https:\/\/newsnreleases.com\/2021\/09\/10\/pibt-plans-to-expand-coal-handling-capacity-to-16mn-tons\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Representation of Local Lenders<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-14642","post","type-post","status-publish","format-standard","hentry","category-news-story"],"acf":[],"yoast_head":"\nRefinancing of senior debt of Pakistan International Bulk Terminal Limited (PIBT) - RIAA Barker Gillette<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/riaabarkergillette.com\/pk\/news-story\/refinancing-of-senior-debt-of-pakistan-international-bulk-terminal-limited-pibt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Refinancing of senior debt of Pakistan International Bulk Terminal Limited (PIBT) - 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