Subscribe to RSS feedSyndicated loans gone
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Obsidian
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last modified
Apr 02, 2009 12:00 AM
Severe doubts have been raised about the global shipping industry's ability to raise large amounts of capital, as shipping banks and owners declared that the syndicated loan market, a major source of funding, had “disappeared”.
There have been just four syndicated deals done so far in 2009, a fraction of the 268 deals completed in the whole of 2008, Fortis Bank said.
In the first quarter of 2008, transactions worth US$15.8bn were recorded, compared...
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