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FerroChina seeks USD 200 million loans through Credit Suisse
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Reuters reported that Credit Suisse is arranging a USD 200 million loan for Singapore
One of the sources briefed on the deal told Reuters that the three year syndicated loan will offer 450 basis points above the London Interbank Offered Rate.
A dealer at a local broker said "In current market conditions, this should be bearish news as USD 200 million will add to gearing. It said previously the firm also issued some convertible bonds, so market investors may view it as negative news because of its over gearing, and it looks like their debt level is pretty high."
FerroChina's long term debt to equity ratio is 0.19 which is higher than most otherSingapore
Please send us your needs, and we will reply to you within one business day, thanks!
One of the sources briefed on the deal told Reuters that the three year syndicated loan will offer 450 basis points above the London Interbank Offered Rate.
A dealer at a local broker said "In current market conditions, this should be bearish news as USD 200 million will add to gearing. It said previously the firm also issued some convertible bonds, so market investors may view it as negative news because of its over gearing, and it looks like their debt level is pretty high."
FerroChina's long term debt to equity ratio is 0.19 which is higher than most other
Please send us your needs, and we will reply to you within one business day, thanks!
