Jurong Aromatics borrows with Korean help

15 Sep 2010

Jurong Aromatics Corp (JAC) launched a $1.22bn loan into syndication on Monday, almost exactly two years after Lehman Brothers collapsed and scuppered the borrower’s last attempt at the project financing.

The borrower aimed to raise the same amount in March 2008 to finance a plant to produce aromatics, petrochemicals used in the production of materials from glue to polyester, and started syndicating that deal in August of the same year. But Lehman fell the following month and the ...

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