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Fortescue closes ECA expansion debt
07 June 2012
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Australian iron ore producer Fortescue Metals Group has closed on $490 million in European export credit agency debt to fund the expansion of its Pilbara operations. The debt has an average tenor of ten years, is fully amortising, will be drawn over the next 12-18 months, and ranks pari passu with Fortescue's other corporate debt. It includes...
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