IFC invests $74m in OIS Indorama to boost fertilizer export ON JULY 11, 20169:41 PMIN NEWSCOMMENTS By Michael Eboh The International Finance Corporation, IFC, a member of the World Bank Group, yesterday, granted a $73.5 million loan facility to OIS Indorama Port Limited for the development of a multi-purpose port terminal at Onne in Port Harcourt, Rivers State to boost Nigeria’s fertilizer export. IFC, in a statement in Abuja, explained that though the total cost of the project is $150 million, it is providing a $73.5 million debt package, comprising $52.5 million of its own funds and a $21 million parallel loan mobilized from a commercial bank, while Rand Merchant Bank is providing an additional $31.5 million loan.
Read more at: http://www.vanguardngr.com/2016/07/ifc-invests-74m-ois-indorama-boost-fertilizer-export/
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