The Asset Country Awards 2020 recently announced Best Deals by country. The financing of an oil pipeline project developed by Thai Pipeline Network Company Limited (“TPN”) received recognition under the “best syndicated loan” category for Thailand.

Chandler MHM Limited, acted as Thai lenders’ counsel, advising Bangkok Bank Public Company Limited (“BBL”) and China Development Bank, Guangdong branch (“CDB”).

CDB, BBL and TPN entered into facilities agreements and other finance documents on 21 September 2020 for the approximately THB7,800 million green field financing of the Project. The project consists of a 343 kilometer fuel oil pipeline covering five Provinces from Saraburi Province to Khon Khaen Province and associated storage facilities in Khon Kaen Province. 

Further details of Chandler MHM’s role on the deal can be found here

Further details of the award can be found here