| Catalyst Media arranges 4 mln stg loan facility to offload ...
LONDON (AFX) - Catalyst Media Group PLC said it has arranged a new 4 mln stg loan facility with North Atlantic Smaller Companies Investment Trust PLC and Oryx Intl Growth Fund Ltd to reduce the outstanding borrowings to Investec Bank to below 5 mln stg. Interest on the loan facility, repayable on or by April 10 2009, is charged at a fixed rate of 13.25 pct per annum, payable in arrears. .
NAR Chief Economist Upbeat But Points To A Few Possible Problems
David Lereah, the chief economist for the National Association of Realtors (NAR) has weighed in on the bankruptcies, foreclosures, and predicted Armageddon in the subprime mortgage market. In a column on the NAR website titled "The Subprime Mess" Lereah gives his take on what has happened and what might. Much of it is a recounting of the familiar history leading up to the current tumult, but he does have an interesting take on the psychology behind the mess. "Just as children in an orderly classroom stir up a wild ruckus when the teacher leaves the room," he says, "some people and businesses stray from fundamental behavior during a frenzied market environment." He cites the savings and loan crisis of the 1980s when S&Ls were purchasing pricy art while the bank was floundering and the all too familiar behavior of investors during the dot.com boom when fundamental investment principles were viewed as tools for sissies.
USD 405 million syndicated loan arranged for FAL Oil Company Ltd ...
First Gulf Bank, Mashreqbank psc, National Bank of Abu Dhabi, National Bank of Dubai, Standard Chartered and WestLB AG London Branch have completed the syndication of a USD 405 Million Term Loan Facility for Investment Group Ltd. ('IGPL') and FAL Oil Company Ltd. ('FAL Oil'). .
Polesie Trading House to float bonds on Russian stock market on ...
Limited liability company Polesie Trading House will float interest-bearing inconvertible bearer bonds at the Moscow Interbank Currency Exchange on April 17-23. The presentation of the bonded loan has already taken place at the Belarusian embassy in Russia. The event was attended by portfolio investors from large Russian banks and investment companies, BelTA learnt from the press service of the diplomatic mission. Pinsk-based knitwear producer Polesie, the parent company of Polesie Trading House, will step in as the underwriter. Earnings of the project are supposed to be spent on retooling and boosting production facilities of knitwear producer Polesie, buying new high-tech equipment, and the assimilation of new technologies, which, in turn, are believed to be able to secure a stable quality of the make and raise economic effectiveness of the business as a whole.
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