Streamline refinance loans
MOSCOW, Nov. 7 (UPI) — LUKoil, the largest oil firm in Russia, petitioned the Russian Development Bank for a $1.8 billion loan to refinance its foreign debts, officials said.
Loans to get cheaper as banks slash PLR by 75 bps (The Economic Times)
Several public sector lenders, led by the country s biggest lender State Bank of India, have lowered their prime lending rates, the benchmark interest rate, to which all loans are linked. The rate cuts have been around 75 basis points (bps).
Hindalco raises $1 bn for Novelis bridge loan (Business Standard India)
Despite the liquidity crunch and devolvement of its rights issue, Hindalco Industries, India s largest aluminium maker, managed to raise a five-year loan of $1 billion at 315 basis points above the London Interbank Offered Rate (Libor) to refinance part of a $3 billion bridge loan to buy North American company Novelis.
Borse Dubai resumes loan talks (AME Info)
Government-run Borse Dubai has resumed talks with banks over a syndicated loan in order to refinance the company’s $3.78bn loan agreed in March, Gulf News has reported.
Sirius XM in Talks to Refinance Debt, Cuts Forecast (Update4) (Bloomberg)
Nov. 6 (Bloomberg) — Sirius XM Radio Inc. , the only U.S. pay-radio broadcaster, began talks with banks to refinance debt and lowered its forecast for subscriber growth after U.S. car sales plummeted.
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