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Published Wed, Jun 15, 2016 · 09:50 PM

Hyflux

HYFLUX said on Wednesday that its subsidiary Qurayyat Desalination SAOC has achieved financial close for the non-recourse project financing of Qurayyat Independent Water Project (IWP) in the Sultanate of Oman.

The US$185 million facility is provided by Mizuho Bank Ltd, Standard Chartered Bank, Dubai International Financial Centre Branch and Singapore-based Clifford Capital Pte Ltd. The facility is a fixed-to-floating rate term loan provided by Clifford Capital Pte Ltd.

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