CFO tells CT how he used a cross-currency swap to cut the effective interest rate on long-term bonds from 4.7% to 2.2%. He also discusses reducing the number of bank relationships
The Japanese company plans to reduce its reliance on bank loans by borrowing from subsidiaries with ample cash in a bid to raise $1.8bln of its $2.7bln funding needs.
Three regional banks are gearing up to open their branches in Myanmar – a symbolic and political move that has been pushed through ahead of the country’s elections, CT understands.
A joint CT CBA poll examines the behaviour of corporate treasury departments throughout Asia-Pacific and finds dependence on counterparty ratings and local treasuries limited by central policy.
Troubles in shipping has caused the 78-year-old Japanese liner, Sanko Steamship Company’s chartering business model to collapse as it declared bankruptcy this month.