Stemcor sets its sights on Asia with $75m loan

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Stemcor sets its sights on Asia with $75m loan

Issue: 1169 - 26 August 2010

Keywords: Stemcor, Glencore, Gunvor, Noble Group, Trafigura

Stemcor, the UK steel trader, is in the market with a $75m revolver — its first loan to target Asian banks. The deal is to be the first of several in Asia for the borrower, which, like many European commodity companies, is drawn by the liquidity in Asia’s loan market. ..

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