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Oman has started raising a $3.5 billion seven-year loan underwritten by seven regional and local banks that will help refinance a loan it took out last year, a source with direct knowledge of the deal told Reuters.
2 Min Read LISBON, April 29 (Reuters) - Portugal will give state guarantees for part of the corporate loans that banks may need to restructure in the sectors most hit by the COVID-19 pandemic, such as tourism and retail, if companies are unable to start repaying them after September. Economy Minister Pedro Siza Vieira said late on Wednesday that “these state guarantees will ease the capital effort that banks will have to accommodate for the restructuring of these loans they agree with their customers”. The volume of loan repayments suspended by Portuguese banks under a scheme to help busi...
By Reuters Staff 2 Min Read PARIS, Jan 3 (Reuters) - French media group Lagardere , the owner of Paris Match magazine, has received a 465 million euro ($564 million) state-guaranteed loan to help it cope with the economic fallout of the pandemic, the government’s official gazette said on Sunday. The company, which also owns Europe 1 radio, reported in November a 38% drop in third-quarter sales, driven down by the freefall in activity at its airport shops in the midst of the COVID-19 pandemic. The government will guarantee 80% of the loan granted by a consortium of banks including BNP Pariba...