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Provider: Thomson Reuters StreetEvents

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Oci NV Subsidiary Issues USD 1.2 Billion of Bonds in the US Tax-Exempt Market

Thursday, 2 May 2013 02:00am EDT 

Oci NV announced that its wholly owned subsidiary, Iowa Fertilizer Company LLC (Iowa Fertilizer), has issued approximately USD 1.2 billion of bonds to institutional and retail investors in the US tax-exempt market through the Iowa Finance Authority. The bond proceeds will be used to finance the cost to develop and construct a new USD 1.8 billion greenfield nitrogen-based fertilizer complex in Wever, Iowa, which is expected to begin production during Q4 2015. 

Company Quote

-0.755 -2.55%
31 Mar 2015