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OCP has started an investor roadshow for an international bond of up to $2 billion to fund its development plan, according to a company source on April 22. The bond is intended to finance expansion.
The financing of OCP's capacity expansion is a long-term supply consideration for phosphate fertilizers, with no direct near-term effect on prices.
reuters.comApr 22, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
