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.
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.
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.
According to a court filing yesterday, Nebula has taken in USD3.5 million worth of new debt financing from undisclosed investors, reported Venture Beat.
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.
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.
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.
The consortium running the Cameron LNG Project has lined up loan financing for the capitalization needed for the project.
Wrigley issued a number of debt instruments with specific term lengths, yields and interest rates.
Tokyo Electric's debtors allow debt roll over for the stricken power utility firm.
Iconic five star hotel The Savoy would be in danger of defaulting on its loan obligations should its business revenues do not improve.
VTB would sell off its shareholdings in Rosbank to Societe Generale and Societe Generale would sell some Russian assets to VTB.
The commercial mortgage backed securities, especially after the IPO deal, connected to JCPenney have affected the market as a whole.
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.
JC Penney is now deep in plans to increase its cash reserves and financial well-being through loans and other means.