English > Industry&Companies > Industry-Breaking News>Chinalco Secures Loans for Rio Bid

Chinalco Secures Loans for Rio Bid

04-01 14:23 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-03-31/110131219.html


» China Development Bank and the Export-Import Bank of China will each provide US$ 9.5 billion in loans to Chinalco to finance its US$ 19.5 billion investment in Rio Tinto.
» Two other commercial banks Agricultural Bank of China and the Bank of China will also give Chinalco US$ 1.2 billion and US$ 800 million worth of loans respectively.
» The loan term was set at 15 years, with lending rates set at sixth-month Libor rates plus 90 basis points of fixed interest margin.

 

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