10 May 2012 03:18 [Source: ICIS news]
The facility is backed by German credit insurance provider Euler Hermes SA, the company said in a statement.
“The loan will be primarily used to finance goods and services procured from German suppliers as part of Reliance Industries’ petrochemicals expansion projects at
This deal will help diversify the firm’s funding sources and extends the maturity profile of its long term debt in a cost effective manner, the company added.
($1 = €0.77)
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