(Corrects loan amount to $430 mln from $420 mln in first paragraph)
DUBAI Dec 21 Nebras Power, majority owned by Qatar Electricity and Water Company, has signed a $430 million debut revolving credit facility led by Sumitomo Mitsui Banking Corporation, the company said on Wednesday.
The four-year loan transaction will be used to strengthen the company's capital structure and to provide long-term financial flexibility, the statement said. HSBC and Mizuho were also involved in the loan.
Nebras Power owns and operates power generation projects in Qatar. It is 60 percent-owned by Qatar Electricity and Water. (Reporting by Davide Barbuscia, editing by Louise Heavens)
Morning News Call - India, June 28
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_06282017.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ FACTORS TO WATCH 10:15 am: IT Minister Ravi Shankar Prasad at an event in New Delhi. 11:00 am: Junior Finance Minister Arjun Ram Meghwal at an event in New Delhi. 11:00 am: Earth Sciences Minister Harsh Vardh