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Qafco may halt bonds sale
- Qatar: Monday, September 24 - 2007 at 06:31
Industries Qatar may delay the sale of bonds to help finance the construction of a chemical plant due to increased borrowing costs following the recent global credit crunch, reported Reuters. The Qatar Fertiliser Company (Qafco), a unit of Industries Qatar, is seeking $1.2bn to support the building of a urea and ammonia plant, according to our sister publication the Middle East Economic Digest. Qafco had earmarked October for the sale.
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Jonathan Sheikh-Miller, Deputy EditorMonday, September 24 - 2007 at 06:31 UAE local time (GMT+4)
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