CreditSuisseWorld News

Credit Suisse gets first tranche under GFC Alliance debt revamp - Financial Markets Worldwide

Please try another search

ReutersStock Markets6 minutes ago (Oct 21, 2021 06:26AM ET)

© Reuters. FILE PHOTO: A Credit Suisse sign is seen on the exterior of their Americas headquarters in the Manhattan borough of New York City, September 1, 2015. REUTERS/Mike Segar

ZURICH (Reuters) – Credit Suisse (SIX:) has received an upfront payment as part of GFG Alliance’s debt restructuring deal for its Australian steel and coal mining assets, the Swiss bank said on Thursday.

“We can confirm that we are now in receipt of the agreed upfront payment of AUD 129m, and we expect to receive further payments on a monthly basis until the remaining principal of AUD 240m, including interest, has been recovered – by mid-2023 at the latest,” the Swiss bank’s asset management arm said on its website.

Related Articles

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button