TOAZ has unlocked finance for the construction of a third urea unit
Togliattiazot, a major ammonia producer in Russia, has signed a 9-year loan agreement 180m EUR worth with a syndicate of Commerzbank AG (Zurich, Switzerland) and Landesbank Baden-Wuerttemberg (Stuttgart, Germany). As follows from the loan agreement, the interest rate is to be paid after a two-year grace period and to equal 2% per annum. SERV is […]