GREY:WFEMF - Post by User
Post by
Sparkerssson Jun 07, 2012 9:43am
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Post# 19988864
Competitive interest rates
Competitive interest rates The Company is in advanced discussions with international and domestic Korean banks for a project debt facility of US$80 to US$110 million dollars. Indicative term sheets have been received for debt suggesting very competitive interest rates. Indications are that the banks are comfortable with the Sangdong project and it is expected that the debt package will be closed about the same time as the strategic deal is finalised. Woulfe anticipates banks moving to complete due diligence in the next 60 days