On June 17, the Philippines’ leading producer of geothermal energy, Energy Development Corporation (EDC) signed a USD175 million loan facility to refinance its existing debt maturing in June 2013. It is pays a margin of 175bp over Libor, six-year term loan with a two-year grace period. Related PostsADB and India have Signed a $ 69 [...]
India – Life Insurance Corporation (LIC) is a most reputable insurance company in India. The company plans to issue credit cards to its customers so that they are easy to obtain insurance services. Therefore, the LIC will cooperate and join with the private sector lender Axis Bank to offer credit card services to its customers [...]
The Government is not call another meeting, but told it needs to take action now on loan sharks. The Government is organizing a finance sector summit where credit company problems can be discussed, Simon Power, Consumer Affairs Minister said. The Government wants to stop companies from preying on vulnerable people and change rules around consumer [...]
