MUFG led club signs $1.63 billion loan for the Baku-Tbilisi-Ceyhan Pipeline Company

Region:

Asia-Pacific

Jonathan Bell

Editor-in-chief

An international bank group led by Mitsubishi UFJ Financial Group’s (MUFG) banking arm, The Bank of Tokyo-Mitsubishi UFJ (BTMU), has signed a term loan facility for the Baku-Tbilisi-Ceyhan Pipeline Company (BTC Co) of up to $1.63 billion. This transaction follows the successful pre-payment of additional project finance facilities for BTC in September 2015.

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

Perspective

16 July 2025

EGL2: Subsea connections take time

The Eastern Green Link 2 project will help to upgrade the UK’s electricity highway and provides a viable ECA-backed template to spur more green loans in the space. But...

Solving a puzzle: The 2025 project pipeline

Perspective

25 July 2025

Solving a puzzle: The 2025 project pipeline

Export finance activity looks healthy as the industry enters the second half of the year, but there is room to improve if ECAs want to match record volumes across 2023 and...

Must See

10 minutes with Abdulrahman Al Sowaidi, CEO, QDB

Video

26 June 2025

10 minutes with Abdulrahman Al Sowaidi, CEO, QDB

TXF talks to Abdulrahman Al Sowaidi, CEO of Qatar Development Bank (QDB), at the Exile Global 2025 event, discussing topics such as QDB's multifaceted product offering and its expansion within the international ECA market.

Perspective

16 July 2025

EGL2: Subsea connections take time

The Eastern Green Link 2 project will help to upgrade the UK’s electricity highway and provides a viable ECA-backed template to spur more green loans in the space. But decarbonising the grid is capital intensive and deal negotiations challenging.

Perspective

25 July 2025

Solving a puzzle: The 2025 project pipeline

Export finance activity looks healthy as the industry enters the second half of the year, but there is room to improve if ECAs want to match record volumes across 2023 and 2024. The project pipeline reflects ongoing interest in the mining industry, but challenges have beset a major interconnector project.