(AFX UK Focus) 2008-11-18 09:45 CORRECTED-Russia's Severstal seeks state funds for refinancing (Interactive Investor)
MOSCOW, Nov 18 (Reuters) - Severstal, Russia's largest steel maker, is in talks with state bank VEB to refinance 75 percent of a $325 million bond due in February, 2009, chief financial officer Sergei Kuznetsov said. Kuznetsov, speaking during a Tuesday conference call, stressed that his company has sufficient liquidity on hand to re-pay the amount, but that the refinancing would provide "an ...
(AFX UK Focus) 2008-11-18 09:20 Russia's Severstal seeks state funds for refinancing (Interactive Investor)
MOSCOW, Nov 18 (Reuters) - Severstal, Russia's largest steel maker, is in talks with state bank VEB to refinance 75 percent of a $325 million bond due in February, 2009, majority owner Alexei Mordashov said. Mordashov, speaking during a Tuesday conference call, stressed that his company has sufficient liquidity on hand to re-pay the amount, but that the refinancing would provide "an extra ...
Braskem, Endesa Chile Face Refinancing `Trouble' as Yields Soar (Bloomberg)
Nov. 19 (Bloomberg) -- Braskem SA , Brazil's biggest petrochemicals company, and Empresa Nacional de Electricidad SA , Chile's largest electricity provider, may have ``trouble'' repaying $2.5 billion of debt in the next 15 months, according to analysts at RBC Capital Markets.
Mason County Eastern may refinance bonds (Ludington Daily News)
CUSTER — Mason County Eastern may save money by refinancing the bonds it sold to pay for construction of its high school in 1995 and for renovations and additions to its elementary school in 1999.
La Jolla Bank Originates $4M Loan for Apartments' Refinancing (Multi-Housing News)
MAY 18, 2007 -- Fort Worth, Texas -- La Jolla Bank, based in Dallas, has originated a $4-million CMBS loan for the refinancing of the Second Dimension Apartments, located in Fort Worth, Texas.
Retail REITs Feeling Impact of Financial Market Turmoil (CoStar Group)
In the midst of addressing the most difficult financial environment in decades and ongoing retailer casualties and pullbacks, retail REITs reported difficulty with loans and refinancing, limited success in asset sales, and a pullback in new development...
ECB Allots $72.472 Billion In Weekly Dollar TAF Auction, All Bids (Nasdaq)
FRANKFURT -(Dow Jones)- The European Central Bank Wednesday allotted $72.472 billion, meeting all bids, in its weekly dollar-term auction refinancing operation.
Weaver halts operations at Grass Valley GM lot (The Sacramento Bee)
A financially stressed Grass Valley auto dealership selling five General Motors brands has ceased operations, and the ownership reported- ly is trying negotiate a refinancing deal to stay in business. Weaver Auto and Truck Center – selling Buick, Cadillac, Chevrolet, GMC and Pontiac vehicles – has been fighting to stay alive since Oct. 31, when lender GMAC removed more than 100 vehicles from ...
Refinancing urgent for some listed banks (China Daily)
A rumor that small and medium-sized commercial banks' capital adequacy ratio (CAR) would remain at 10 percent has been confirmed.
CORRECTED - Russia's Severstal seeks state funds for refinancing (Reuters via Yahoo! Singapore News)
(Corrects to attribute to Sergei Kuznetsov)