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Magadi Soda Company

28 Sep 2004

We have been appointed as security trustee for Magadi Soda Company, a subsidiary of the Brunner Mond Group of the UK.

Funds have been raised for a £100 million expansion of a soda ash plant at Lake Magadi, Kenya, which is the largest project finance transaction in Sub Saharan Africa to be completed this year.

The debt includes a combination of senior and subordinated loans from the International Finance Corporation, the European Investment Bank and the Dutch export credit agency.

Law Debenture acts as security trustee for a range of high profile project financings across the world.

Corporate Trust

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