PROJECT FINANCE

Altech secures first indicative funding offer

AN UNIDENTIFED global investment banking group has completed extensive preliminary due diligence and is prepared to advance Altech Chemicals up to US$120 million, with an indicative mezzanine debt term sheet received by the Iggy Tan-run company overnight.

Altech secures first indicative funding offer

  The funding, which comes on the heels of a US$190 million senior debt package with German government-owned KfW IPEX-Bank, is aimed at fully funding the $298 million development of a kaolin mine at...

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