Milanista1984
02-03-2009, 05:45 PM
Mizuho Corporate Bank Ltd (Mizuho) has extended PetroVietnam Fertiliser and Chemicals Corp (DPM (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=DPM" style="color: rgb(68, 68, 204); text-decoration: underline;" target="_blank)) a 20 million USD line of credit to import fertilizer and raw materials for the Phu My fertilizer plant.
The deal will help the DPM (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=DPM" style="color: rgb(68, 68, 204); text-decoration: underline;" target="_blank) expand its fertilizer production.
Other terms of the deal, including the interest rate and grant period, were not disclosed to the public.
The Tokyo-based bank said the credit would contribute
to Vietnam’s agriculture sector in particular and the relationship
between Vietnam and Japan in general.
The DPM (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=DPM" style="color: rgb(68, 68, 204); text-decoration: underline;" target="_blank),
a member of the Vietnam National Oil and Gas Group, is the nation’s
major urea fertilizer producer, supplying 40 percent of the total
domestic demand.
Mizuho has had a branch in Hanoi since 1996 and a HCM City branch since 2006./.
The deal will help the DPM (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=DPM" style="color: rgb(68, 68, 204); text-decoration: underline;" target="_blank) expand its fertilizer production.
Other terms of the deal, including the interest rate and grant period, were not disclosed to the public.
The Tokyo-based bank said the credit would contribute
to Vietnam’s agriculture sector in particular and the relationship
between Vietnam and Japan in general.
The DPM (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=DPM" style="color: rgb(68, 68, 204); text-decoration: underline;" target="_blank),
a member of the Vietnam National Oil and Gas Group, is the nation’s
major urea fertilizer producer, supplying 40 percent of the total
domestic demand.
Mizuho has had a branch in Hanoi since 1996 and a HCM City branch since 2006./.