Monday, March 5, 2012

BASF and Sinopec secure financing for China JV. (New Construction Projects).(Brief Article)

BASF says it has finalized arrangements for $1.4 billion of financing for BASF-YPC Co. (Nanjing, China), the company's 50-50 ethylene joint venture with Sinopec. Half of the financing will be in dollars and the rest in Chinese currency, BASF says. Part of the dollar-denominated tranche will be guaranteed by an export credit …

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