News and Announcements
Altech Signs Project Finance Mandate with KfW Ipex-Bank
- Published December 03, 2015 12:34PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
2nd December 2015, ASX Announcement
Hightlights:
- Exclusive project finance mandate executed with German KfW IPEX-Bank
- Mandate for senior debt, including German Export Credit Agency (ECA) insured debt
- Approximately US$40 million of project debt estimated to qualify for ECA cover
Altech Chemicals Limited (Altech/the Company) (ASX:ATC) is pleased to advise that it has executed an exclusive mandate with German KfW IPEX-Bank GmbH, a wholly-owned subsidiary of the promotional bank KfW, to provide advisory and structuring services in relation to the provision of senior debt project financing for the Company’s proposed high purity alumina (HPA) project. Execution of the mandate comes after an initial evaluation of the project by KfW IPEX-Bank following its recent submission to the Company of a Letter of Interest (LOI) for project financing.
To read the full announcement, please click here.
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