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(AFX UK Focus) 2008-11-18 09:45 CORRECTED-Russia's Severstal seeks state funds for refinancing (Interactive Investor)
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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 ...
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(AFX UK Focus) 2008-11-18 09:20 Russia's Severstal seeks state funds for refinancing (Interactive Investor)
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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 ...
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La Jolla Bank Originates $4M Loan for Apartments' Refinancing (Multi-Housing News)
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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.
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Weaver halts operations at Grass Valley GM lot (The Sacramento Bee)
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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 the ...
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Refinancing urgent for some listed banks (China Daily)
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A rumor that small and medium-sized commercial banks' capital adequacy ratio (CAR) would remain at 10 percent has been confirmed.
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CORRECTED - Russia's Severstal seeks state funds for refinancing (Reuters via Yahoo! Philippines News)
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(Corrects to attribute to Sergei Kuznetsov)
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Grass Valley auto dealer halts operations (The Sacramento Bee)
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A financially stressed Grass Valley auto dealership selling five General Motors brands has ceased operations, and the ownership reportedly 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 GMAC removed more than 100 vehicles from the lot at ...
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Barclays bows to investor fury over capital raising (Independent)
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The top four executives at Barclays agreed to waive their bonuses for 2008 yesterday after the latest tweak to the terms of the bank's much-maligned refinancing plan failed to stem investor criticism of the package.
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Dubai Vulnerable to Lower Oil Prices, Citigroup Says (Update1) (Bloomberg)
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Nov. 18 (Bloomberg) -- Dubai, the second largest of the seven sheikhdoms in the United Arab Emirates, is the most vulnerable place in the Gulf to lower oil prices as real estate prices and debt refinancing pose ``real risks,'' Citigroup Inc. said.
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SIBUR approaches Vnesheconombank for loan (RosBusinessConsulting)
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RBC, 18.11.2008, Moscow 18:47:03. SIBUR Holding has asked the Bank for Development and Foreign Economic Affairs (Vnesheconombank) to lend it slightly over $100m for the refinancing of its loan portfolio, SIBUR's chief Dmitry Konov told journalists today.
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