AFC provides $28m loan facility to Topic SA
Issue 350
- 14 Jul 2017
| 1 minute read
The Lagos-based Africa Finance Corporation (AFC) has announced a $28m subordinated loan facility for the development of the Helm oil project on Tunisian exploration and production company Topic SA’s Halk El Menzel offshore block. The subordinated loan note has a 30-month tenor and will ensure the long-mooted project reaches first oil production by January 2018.The Helm project is a low-cost development of a marginal field covering an offshore area of 570km2 in the Gulf of Hammamet in northern Tunisia.
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