Archean raises Hajipur chemicals plant debt
Archean has closed a combined dollar and rupee-denominated facility for its marine chemicals complex at Hajipir in Gujarat, India. The project will produce 2 million tonnes per year (tpy) of industrial grade salt, 100,000 tpy of sulphate of potash and 2,500 tpy of bromine and green bromine.
The financing comprises a Rs2.6 billion ($58 million) 10-year loan, a $67.5 million eight-year loan and Rs2.8 billion in equity. The deal is lead arranged by SBI Capital with Allahabad Bank, Bank of Baroda, Bank of India, Canara Bank, Punjab National Bank and Union Bank of India as participants. Amarchand & Mangaldas provided lender legal counsel.
Jurong Aromatics syndicated
The $1.56 billion Jurong Aromatics financing has closed oversubscribed with commitments from 11 banks, including bookrunners RBS and ING Bank.
ING is also advising the project sponsors, which are led by SK Group of Korea, Jiangsu Sanfangxiang Group of China...
Take a free website trial to read this article. It’s easy to get a trial – just follow this link or email info@projectfinancemagazine.com.
Or, if you’re a subscriber or have an active trial, simply log in below to read the article.
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Subscribe
Free trial
Taking a free trial will give you access to the latest news and analysis, as
well as the online deals database, BenchBase. Start your free trial today.
Free Trial