Browse Tag

loan

EBRD Lends Izmir €125 Million to Build New Metro Line

3 mins read

A new metro line in Izmir, Turkey’s third-largest city, will provide safer, more reliable and greener transport for about 500,000 residents in the urban district of Buca. The European Bank for Reconstruction and Development (EBRD) is supporting the first phase of construction with a €125 million loan.…

NIB signs framework loan agreement for water infrastructure upgrades in Sweden

1 min read

The FINANCIAL — NIB and the Swedish municipality of Strängnäs have signed a 25-year framework loan agreement of SEK 280 million (EUR 27.16 million) to finance its investment programme for wastewater infrastructure improvements. The uncommitted credit facility has been provided for the Municipality of Strängnäs’ investment programme for wastewater infrastructure projects between 2020 and 2024.…

Low mortgage rates are easing affordability, but down payments are further from reach

7 mins read

The FINANCIAL — Monthly mortgage payments are becoming increasingly affordable for U.S. homeowners as mortgage rates have hit record lows, a new Zillow® analysis shows. But that masks the difficulties would-be buyers face in getting into homes in the first place after extraordinary price growth has pushed prices further above incomes than they’ve been in at least…

Kodak shares soar after the special committee finds company did not break the law

6 mins read

The FINANCIAL — Concerns were raised about Eastman Kodak’s corporate governance but no evidence was found of insider trading when its top executive and a board member bought shares before the stock surged on news of a possible $765m loan from the US government. A company seeking to address the firestorm of allegations surrounding a…

Germany and France allocate over €250 mln to Georgia

5 mins read

The FINANCIAL — The French Development Agency and the Ministry of Finance of Georgia signed a EUR 58 million loan to finance the reconstruction of water and sanitation utilities in Khashuri. The activities financed under the loan will be supplemented by a EUR 7,15 million Grant from the European Union. Also, Germany will allocate a €170 million…

EBRD to finance municipal infrastructure modernisation in Bakuriani

4 mins read

The FINANCIAL — The population of Bakuriani, a city in the Borjomi municipality of Georgia, will benefit from improved public transport and services thanks to a €5 million loan provided by the European Bank for Reconstruction and Development (EBRD). The EBRD is a leading institutional investor in Georgia. The Bank has invested over €3.8 billion in…

Mortgage rates to fall again after Fed‘s move to combat impacts from coronavirus

4 mins read

The FINANCIAL — Average 30-year mortgage lending rates for homebuyers with good credit have fallen from 4.46% in January of 2019 to 3.13% but rate is now back up around 3.65%. Mortgage rates are primed to fall again after the Federal Reserve’s latest dramatic policy moves to combat the economic impact from the deadly coronavirus…