VOL. XXXIX
No. 41
8-July-1996
UAE
IndianCompanyToRaiseFinancingFor DubaiFertilizer
Plant
Plans for the construction of a 1,200ton/dayurea/ammonia
plantinDubai'sJebel Ali free trade zone by the Indian firm Southern PetrochemicalsIndustries Corporation(SPIC)
arefirmingupwith the announcement last week that SPIC will shortly raise $165mn for theproject.A SPIC official
hassaidthat$100mn will be raised in a syndicated loan and $60mn through the issue of globaldepositoryreceipts
...
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