Wednesday, 25 July 2007

CVC Asia Sets Terms on $198 Million of Loans to Buy Genting's Paper Unit

(Bloomberg) -- CVC Asia Pacific Ltd. and its banks
set terms on 680 million ringgit ($198 million) of loans
denominated in dollars and the Malaysian currency to back its
purchase of Genting Bhd.'s paper unit.

The paper unit will borrow the equivalent of 380 million
ringgit for seven years, paying interest of 2.5 percentage points
more than the benchmark lending rates, according to a document
obtained by Bloomberg News.


Read more at Bloomberg Bonds News

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