BASF signs US$5.6 billion syndicated bank term loan facility for China site
BASF said on Thursday it would borrow 40 billion yuan (US$5.55 billion) from Chinese banks to fund a major expansion in the southern city of Zhanjiang, taking advantage of low interest rates in the country.The Zhanjiang chemical complex, which will cost BASF up to 10 billion euros (US$10.91 billion) to bu