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USD $10 Billion secured for National Gas Corporation for Papua New Guinea

November 5, 2023

USD $10 Billion secured for National Gas Corporation for Papua New Guinea

CRJ continues its trailblazing approach in capital restructuring by spearheading a comprehensive capital raising initiative for the National Gas Corporation Limited (NGC) and NGC (Oil) Limited in Papua New Guinea. NGC, a state-owned entity representing all twenty-two provinces of Papua New Guinea, has a pivotal role assigned by the government to explore, mine, and process Liquified Natural Gas (LNG).


With a total capital securitization program of USD $100 Billion spanning several years, CRJ, alongside its adept team of legal and project management experts, has meticulously securitized the allocated LNG production according to NGC's guidelines and the directives of relevant Papua New Guinean Ministries. As a momentous achievement, CRJ has successfully listed the first phase of securitized Bonds with a face value of USD $10 billion on the Australian Stock Exchange ("ASX"). These Bonds are meticulously secured against LNG production and bear unique International Securities Identification Numbers (ISIN), making them a distinguished "private placement" on the ASX.


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