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April 2011 Petrochemicals News
11 April 2011
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[polyolefins]
[polyethylene]
Braskem closes Nexi-covered polyethylene loan
Braskem has closed a $200 million NEXI-covered loan that finances the construction of a polyethylene plant that uses sugarcane-based ethanol as a feedstock in Brazil. The lead arrangers of the debt, which features both political and commercial risk cover from NEXI, are Sumitomo Mitsui Banking Corporation, as administrative and collateral agent, and Credit Agricole as NEXI agent.
The loan is...
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