17
Dec
07:03
Krakatau Steel plans to complete debt restructuring
According to Krakatau Steel president director and chief executive, Silmy Karim, the company plans to settle its debt restructuring problems by the end of December, or January at the latest, Kallanish notes.
Krakatau owes debts to four banks, Standard Chartered, OVBC, DBS and CIMB, with total value of $2.2 billion. The four banks are reportedly willing to agree to reschedule the repayments over the coming ten years if the recent agreement betwe…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous