BANKERS GIVE AUSTRALIAN CO ALLCO MORE TIME, HIGHER RATE ON DEBT.
Publication: AsiaPulse News
Publication Date: 30-MAY-08
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MELBOURNE, May 30 Asia Pulse - Struggling fund manager Allco Finance Group LTD (ASX:AFG) has won another month's reprieve on the repayment of a $US250 million ($A261.7 million) bridging facility but will face a hefty hike in the interest rate on its senior debt.
From May 30, Allco has agreed to increase the...
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