This, coupled with demand for loans to re-finance
old debts, means new credit to the economy will be tight.
There was simply a general comment that there might be potential to re-finance
the debt in the future," said Mr Malcolm in relation to the 2005 meeting.
Debt pressures remain, with some 80% of those polled needing to re-finance
The problem for the property owner is that the amount that the lender can re-finance
is less than the amount that is currently owed.
The developer, Abu Dhabi's largest by market capitalisation, is expected to have to re-finance
3 billion dirhams of debt by year-end, Bank of America Merrill Lynch said in a report this week.
The developer, Abu Dhabi's largest by market capitalisation, is expected to re-finance
3 billion dirhams of debt by year-end, the bank said.
Hicks and Gillett have an October 15 deadline to either re-finance
debts of around 200 million pounds to Royal Bank of Scotland or sell the club.
We believe that by the end of the year we will probably need one billion euro for the government needs and of course to re-finance
current loans", he said.
The Infra-bank would undertake to re-finance
commercial bank debt at the end of the construction period.
One of the board members, John Maguire, is spearheading the drive for re-finance
and any offers of help should be directed to him on 01676 523311.
According to the company, the purpose of the offering would be to re-finance
its current debt.
At the end of the "lease-to-own" program, the customer has the choice of three options: renew the lease to own by choosing a new vehicle, re-finance
the balloon payment or pay the balloon amount in cash.