OCP takes out $1bn debt facility to fund phosphate capacity expansions
Published: Friday, 17 April 2015
Rapid expansion plans – the company is looking to triple its fertiliser output in 10 years – are to be partially financed by the new $1bn loan facility, which OCP has raised from international capital markets. The company anticipates that its extra production capacity will be swallowed by rising demand, especially by internal African markets.
Morocco state-owned phosphate producer
Office Cherifien des Phosphates SA (OCP) has successfully
$1bn offering with a 10.5 year maturity at a 4.5%
The Moroccan company said that the proceeds would be
invested in its capex programme, which...