OCI launches Iowa Fertilizer muni refinancing

In:

Chemicals/Petrochemicals

Region:

Americas

By Tom Nelthorpe

Global fertiliser producer OCI has launched an $854 million tax-exempt refinancing of its Iowa Fertilizer plant. The new debt features lower gearing, thanks to an equity contribution from the sponsor, and now carries a corporate guarantee from OCI. As a result, the bonds carry a rating from S&P...

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