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Refinancing Loan News

S Korean Bail-out Speeds Up

Friday December 26, 1997
Australia has joined an international bid to speed up South Korea's financial bail-out, bringing forward a $A500 million package to help South Korea meet its end-of-year debts. Australia has already pledged $US1 billion ($A1.5 billion) to a $US57 billion international refinancing effort, but t

Normandy's $200m Bonus

Friday December 12, 1997
Normandy Mining shook off some of the gloom in the gold sector yesterday with its announcement that there had been heavy oversubscriptions from a dozen banks to its $500 million loan refinancing. The company, Australia's biggest gold producer, has opted to take $200 million in oversubscriptions,