U.S. backs petrochemical equipment exports to India

Wednesday, December 05, 2012

The U.S. Export-Import Bank has voted to extend a $1.06 billion direct loan and to guarantee a $1.06 billion JPMorgan Chase loan to Reliance Industries Ltd. of Mumbai, India, for the export of American goods and services for expansion projects at Jamnagar in the Indian state of Gujarat. The transaction is the single largest Ex-Im Bank has ever authorized for Reliance, and it represents Reliance’s first attempt at funding through the capital markets with an Ex-Im Bank guaranteed bo...

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