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Parliament Overhauls Vocational Education Sector, Launches New Loans Program

Parliament Overhauls Vocational Education Sector, Launches New Loans Program

The Parliament passed the new VET Student Loans program with the aim to overhaul the vocational education sector which faced scandals over the past years. The new scheme is a replacement to the troubled VET FEE-HELP scheme.

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Syngenta SA Products As ChemChina's $43 billion Takeover Is Welcomed

ChemChina Seeks $35 Loans to Complete Acquisition Transaction with Syngenta

Earlier this month, Chinese state-owned company ChemChina reached an acquisition deal of $43 billion with Swiss company Syngenta. After clearing regulation requirements in China, ChemChina is now seeking out loans of more than $35 billion from bankers to fund the purchase.

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Student loan debt

U.S. student debt burden falling more on top earners, easing bubble fears

Young Americans with big college debts are often portrayed as struggling to pay their bills. The reality is somewhat different - those owing super-sized student loans tend to be higher paid.

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Nebula Logo

Nebula bags USD3.5 million new debt funding

According to a court filing yesterday, Nebula has taken in USD3.5 million worth of new debt financing from undisclosed investors, reported Venture Beat.

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Kabbage

Kabbage announces USD270 million credit facility

Small businesses can now apply for fast-approved business loans following the announcement of Kabbage which has taken in USD270 million more on its credit facility, reported Venture Beat.

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OnDeck

Tiger Global Management leads $77M investment in alternative lending platform OnDeck

OnDeck, an alternative lending platform for small businesses, secured a $77 million investment in a round led by Tiger Global Management and joined in by its existing investors, TechCrunch reported.

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MassHousing

Massachusetts' MassHousing closes $11.8M loans to turn Sitkowski School to senior apartments

MassHousing, a self-supporting quasi public agency in Massachusetts, has closed $11.8 million loans to acquire and convert Sitkowski School to 66 affordable apartments for seniors, Boston.com reported.

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LNG

Loans set to fund the Cameron LNG Project being lined up

The consortium running the Cameron LNG Project has lined up loan financing for the capitalization needed for the project.

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Wrigley

New debt instruments issued by Wrigley to finance operations and manage debt

Wrigley issued a number of debt instruments with specific term lengths, yields and interest rates.

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TEPCO

Tokyo Electric receives reprieve from debt through roll overs

Tokyo Electric's debtors allow debt roll over for the stricken power utility firm.

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The Savoy Hotel

Savoy in jeopardy if business does not improve

Iconic five star hotel The Savoy would be in danger of defaulting on its loan obligations should its business revenues do not improve.

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VTB Bank

VTB shares in Rosbank to be sold to Societe Generale

VTB would sell off its shareholdings in Rosbank to Societe Generale and Societe Generale would sell some Russian assets to VTB.

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JC Penney

JC Penney's commercial mortgage backed securities affect the market

The commercial mortgage backed securities, especially after the IPO deal, connected to JCPenney have affected the market as a whole.

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China Banking Regulatory Commission

China's banking regulator set to expand loans facilities to include retail purchases

The China Banking Regulatory Commission had sought opinions to allow companies to set up financing firms that offer loans for retail purchases under certain parameters.

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JC Penney

JC Penney set to raise new equity to shore up its finances

JC Penney is now deep in plans to increase its cash reserves and financial well-being through loans and other means.

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