Nanchang Anxin Oils Fats and Feedstuff (Group) Company Ltd
MIGA issued $1.7 million in guarantees to Andri & Cie S.A. of Switzerland covering the guarantee of the loan extended by Banque Nationale de Paris. The loan will finance an agribusiness project in Jiangxi Province, for crushing oilseeds, refining vegetable oils, and marketing feedgrains and oil by-products. The project will also research and develop new seed-related products. MIGA's guarantee covers the investment against the risk of war and civil disturbance.
The guarantee follows earlier MIGA guarantees to Andri in fiscal 1996 totaling $12.6 million. Coverage is for Andri's equity investment, shareholder loan, and loan guarantees to establish the joint venture with the Jiangxi Xinjian Foreign Economic Relations and Trade Corporation of China.