StanChart Among Banks Readying $800 Million Loan for Ivory Coast [Yahoo! Finance]
NEDBANK GROUP LTD S/ADR (NDBKY)
NASDAQ:AMEX Investor Relations:
nedbank.co.za/content/nedbank/desktop/gt/en/aboutus/investor-center/latest-financial-results.html
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Source: Yahoo! Finance
for a loan of about $800 million to refinance upcoming maturities, according to people familiar with the matter. Most Read from Bloomberg Hong Kong's Expat Party Hub Reshaped by Chinese Influx How California Sees the World, and Itself City Hall Is Hiring American Institute of Architects CEO Resigns London's Tube Fares Are Set to Rise by 4.6% Next Year Nedbank Group Ltd. and Rand Merchant Bank are also among the lenders taking part in the financing, said the people who asked not be identified because the information is not yet public. Separately, Mitsubishi UFJ Financial Group Inc. is arranging a €400 million ($421 million) loan as part of a debt-for-development swap deal, the people said. Both transactions are likely to be completed in the coming days, they said. Ivory Coast is improving terms of its existing debt after it saw a credit rating upgrade from S&P Global Ratings in October, when the company boosted the West African nation to BB from BB-, a notch closer to i
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