|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||26.17 - 26.17|
|52 Week Range||19.01 - 48.49|
|Beta (5Y Monthly)||0.65|
|PE Ratio (TTM)||7.50|
|Forward Dividend & Yield||1.54 (5.90%)|
|Ex-Dividend Date||Apr 02, 2020|
|1y Target Est||N/A|
French oil major Total has secured $15.8 billion in funding for its massive liquefied natural gas (LNG) project in northern Mozambique, according to South African lender FirstRand's local unit, FNB Mozambique. Total declined to comment. In a press release published on Wednesday, FNB Mozambique said the financing contracts for Total's blockbuster development had been signed on Friday.
South Africa's Rand Merchant Bank (RMB) confirmed on Thursday that it is part of a consortium of banks providing $15 billion funding for French energy major Total's Mozambique liquefied natural gas (LNG) project. RMB, owned by FirstRand Bank, said the signing of $15 billion in financing was scheduled for June. "It will be a remarkable achievement in the circumstances," Jonathan Ross, head of oil and gas coverage at RMB, said in a statement, adding that other projects have experienced delays.
Rating Action: Moody's downgrades the ratings of five South African banks following downgrade on the South African sovereign. London, 31 March 2020 -- Moody's Investors Service ("Moody's") has today downgraded to Ba1 from Baa3 the long-term local currency and foreign currency deposit ratings of The Standard Bank of South Africa Limited, FirstRand Bank Limited, ABSA Bank Limited, Nedbank Limited and Investec Bank Ltd., the five largest banks in South Africa.