OCI’s Iowa Fertilizer restructuring buys a little time – and opens door to a sale

Tom Nelthorpe

Dutch-listed fertiliser producer OCI has completed a tender for $147 million of the bonds issued by its Iowa Fertilizer project. The tender, for a series of bonds that were due to mature in December 2019, is designed to give the long-delayed project breathing room to reach operations, but it may allow OCI to exit its troubled investment quicker than planned.

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