In fiscal 1991 MIGA issued guarantees of $9.9 million each to support Marubeni Corporation and Chiyoda Corporation, two Japanese equity investors in the Kamaphuli Fertilizer Company, Ltd. (KAFCO) in Bangladesh. This $500 million fertilizer facility experienced delays in implementation that necessitated a restructuring of the complex project financing. As a result, both Marubeni and Chiyoda increased their contributions to the project in fiscal 1992. MIGA issued $16.1 million of additional coverage to each of these Japanese investors to cover their loans to the project.
Karnaphuli Fertilizer Company Limited
In fiscal 1991 MIGA issued guarantees of $9. 9 million each to support Marubeni Corporation and Chiyoda Corporation, two Japanese equity investors in the Kamaphuli Fertilizer Company, Ltd. (KAFCO) in B
Project ID
1570
Guarantee Holder
Chiyoda Corporation
Marubeni Corporation
Investor Country
Japan
Project Type
Non-SIP
Fiscal Year
1993
Region
Partner Countries
Delivering Development with Transparency and Integrity
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