MassHousing, a self-supporting quasi public agency in Massachusetts, has closed $11.8 million loans to acquire and convert Sitkowski School to 66 affordable apartments for seniors, Boston.com reported.
Tags: Loans
Parliament Overhauls Vocational Education Sector, Launches New Loans Program
The Parliament passed the new VET Student Loans program with the aim to overhaul the vocational education sector which faced scandals over the past years. The new scheme is a replacement to the troubled VET FEE-HELP scheme.
ChemChina Seeks $35 Loans to Complete Acquisition Transaction with Syngenta
Earlier this month, Chinese state-owned company ChemChina reached an acquisition deal of $43 billion with Swiss company Syngenta. After clearing regulation requirements in China, ChemChina is now seeking out loans of more than $35 billion from bankers to fund the purchase.
U.S. student debt burden falling more on top earners, easing bubble fears
Young Americans with big college debts are often portrayed as struggling to pay their bills. The reality is somewhat different - those owing super-sized student loans tend to be higher paid.
Nebula bags USD3.5 million new debt funding
According to a court filing yesterday, Nebula has taken in USD3.5 million worth of new debt financing from undisclosed investors, reported Venture Beat.
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The consortium running the Cameron LNG Project has lined up loan financing for the capitalization needed for the project.
Wrigley issued a number of debt instruments with specific term lengths, yields and interest rates. An amount worth USD3 billion through a five bond offer was done by Mars Inc's Wm Wrigley Jr Co.
Tokyo Electric's debtors allow debt roll over for the stricken power utility firm. Twenty eight financial institutions, including Sumitomo Mitsui Banking Corp have agreed to roll nearly a JPY77 billion or USD783 million syndicated loan for Tokyo Electric Power Co due to become mature by month's end.
Iconic five star hotel The Savoy would be in danger of defaulting on its loan obligations should its business revenues do not improve.
VTB would sell off its shareholdings in Rosbank to Societe Generale and Societe Generale would sell some Russian assets to VTB.
The commercial mortgage backed securities, especially after the IPO deal, connected to JCPenney have affected the market as a whole.
The China Banking Regulatory Commission had sought opinions to allow companies to set up financing firms that offer loans for retail purchases under certain parameters.
JC Penney is now deep in plans to increase its cash reserves and financial well-being through loans and other means.
GM debt had been upgraded by Moody's Investment Service to investment grade from junk status. General Motors' debt to investment grade status had been restored by Moody's Investment Service to investment grade.
