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Saudi Kayan – ECA project financing
23 March 2009
ECA solution for record petrochem deal
Read more:
project finance
Saudi Arabia
Kayan
Sabic
petrochemicals
ECGD
Kexim
Sace
Keic
This is one of the largest-ever export credit agency tranches in a project finance transaction consisting of four ECAs and totalling $2 billion. It is a crucial part of the largest petrochemicals deal closed in the world, with attractive terms and conditions for the borrower in an environment that had started to feel the impact of the credit crisis.
Saudi Kayan Petrochemical Company is 35% owned by Saudi Basic Industries Corporation (Sabic), which acts as the project sponsor, the remainder is owned by Al-Kayan Petrochemical Corpoation and the...
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