Peru’s TGP Seeks Long-Dated Loan

Transportadora de Gas del Peru (TGP) is heard seeking new funds to help improve and expand its pipelines near the Camisea gas fields. The company has put out an RFP seeking $150m in 10-12-year financing, say loan bankers. TGP is heard to have originally considered the local bond market, but has now focused on the international syndications market. The pipelines will connect the Camisea field to the Peru LNG pipeline being built with newly obtained funds in the loan and project markets.