CVRD refinances loan used to pay for Inco purchase
Dec 22, 2006 | 07:48 AM
Brazil's Cia. Vale do Rio Doce has refinanced 84 percent of the bridge loan of $14.6 billion that it used for the purchase of Canadian nickel producer Inco Ltd.
The loan, with an original pay-back period of two years, has been refinanced using two long-terms bond issues and an advance-payment exports operation that total around $12.3 billion, the company said Friday.....
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