Sonk told The National that the state company's dividends from the PNG LNG project would be used to settle the $US1.3 billion ($A1.6 billion) bridge facility and that last year's transactions totalling $1.342 billion enabled NPCP to repay the amount and fund capital requirements.
He also said the company arranged financing through ANZ, Bank of South Pacific and Westpac.
""We (NPCP) didn't borrow, we were just advancing our revenues so there's no borrowing, there's no repayment," he said.
"Those banks just gave us the guarantee so we can access our funds."
