Hsbc Auto Refinancing Links

Schaeffler Inks New Credit Agreement; Plans To Tap Bond Market

German engineering firm and auto-parts maker Schaeffler Group said Friday it completed a new credit agreement worth EUR8 billion with eight banks, replacing a deal signed in Nov., 2009, in order to improve both the maturity profile of its liabilities and financing costs.

Insight: EU banks shrink; Irish farmers, Qatari bosses flinch

LONDON (Reuters) - From his idyllic farm in Ireland's lush Wicklow Hills, Colin Hadden hatched a plan to supply his lean, grass-fed specialty lamb to some of Dublin's finest restaurants. Over the last two years, his small business boomed, taking on 15 people and opening a butcher shop and food hall. That was before his bank halved his overdraft facility to 50,000 euros. "They are literally ...