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Investment Dar closed the first tranche of a US$400mn Islamic syndication to refinance debt (Zawya)
The Investment Dar said it had closed the first tranche of a SR1.5bn (US$400mn) Islamic syndication to refinance debt. The three-year Murabaha deal was priced at 200 basis points over SAIBOR , Investment Dar said adding that Saudi Arabia's Al-Rajhi bank and Oman's Bank Muscat are funding the first tranche worth SR600mn.
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Other Strabag owners refinance Deripaska loan (Reuters via Yahoo! Singapore News)
VIENNA, Oct 10 (Reuters) - Two key shareholders of Austrian builder Strabag have lent 500 million euros ($686 million) to Russian billionaire Oleg Deripaska to refinance debt he took on to buy his Strabag stake, Strabag said on Friday.
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Avon Jittery As It Prepares To Refinance Debt (Hartford Courant)
Passersby in this town of upmarket shops and sunny soccer fields would hardly guess it is about to be drawn into the vortex of America's financial crisis.
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Russian firms to get up to $50 bln to refinance foreign debt (Russian Information Agency Novosti)
NOVO-OGARYOVO, October 10 (RIA Novosti) - Russia's government is to allocate up to $50 billion for companies to refinance their foreign debt, Prime Minister Vladimir Putin said on Friday.
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RenCen refinance splits board (Detroit News)
General Motors Corp. executives outlined a plan Thursday to borrow $250 million from a city pension fund and refinance the Renaissance Center, but pension fund members did not take any action on the request.
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Charter Schools Can't Refinance Campuses, Financial Markets Unsteady (The Morning News)
ROGERS -- The Benton County School of the Arts has room to grow and is ready to break ground on an addition as soon as money to refinance the campus is available.
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Senator Lamar Alexander Says 67,000 Tennesseans Could Refinance Home Loans (WDEF Chattanooga)
U.S. Senator Lamar Alexander hopes to raise awareness about a program that could help thousands of Tennesseans. He says roughly 67,000 Tennessee homeowners with overdue mortgages could use "Hope for Homeowners" to refinance their loans. read more
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The Big Apple Loses Luster (Washington Post)
NEW YORK -- This big, brash, in-your-face city suddenly seems to have lost its mojo.
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Buffets defaults on loan, aims to refinance (Minneapolis-St. Paul Star Tribune)
Buffets Inc. missed sales targets in September, triggering a default on a $280 million bankruptcy loan that has been funding the Eagan company's restructuring effort, court documents say.
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World leaders vow to battle economic crisis (CNN)
World leaders, warning of a global economic downturn, pledged Saturday to work together to find solutions to what is unfolding as the worst financial crisis since the Great Depression.
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