BASF’s Zhanjiang integrated project raised RMB 40 billion in China with a term of 15 years

According to BASF’s official announcement on November 23, BASF took advantage of China’s current low interest rate environment to sign a 40 billion yuan (approximately 5 billion euro) project for its integrated base in Zhanjiang, Guangdong, China. The syndicated bank term loan facility has a term of 15 years. BASF will finance the Zhanjiang integrated…