Braskem Idesa Ties Up Mexico PF

Braskem Idesa Ties Up Mexico PF

After two years in the making Braskem Idesa has finally closed a $3.2bn loan package for its Etileno XXI project, what it calls the largest-ever project finance deal in the petrochemical sector. The deal is the first time the Mexican and Brazilian development banks have done a financing together and the first time Brazil’s BNDES has used its international line, according to people familiar with the matter. The package includes direct loans of 16.25 years from BNDES ($623m), Nafin ($280m), Bancom

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