Interest Rate
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Kronos Worldwide Announces €75 Million Add-on Offering of 9.50% Senior Secured Notes Due 2029
Kronos Worldwide (KRO) is issuing €75M in additional 9.50% Senior Secured Notes due 2029 through its subsidiary, Kronos International, Inc. This increases the outstanding amount of these notes to €426.174M. Proceeds will primarily address maturing 3.75% Senior Secured Notes due September 2025, or repay amounts drawn from the Wells Fargo credit facility for the same purpose. The offering’s completion is subject to market conditions. The notes are guaranteed and secured by company assets.
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Interest Subsidies on Purchases Under 50,000 Yuan: Will Consumers Increase Spending, e.g., on Cars?
Beijing is launching a program offering interest subsidies on individual consumer loans from September 2025 to August 2026. The subsidies, capped at ¥50,000 per transaction, target purchases in sectors like automobiles, elder care, education, tourism, home improvement, electronics, and healthcare. Borrowers can receive an annual 1% interest subsidy, up to 50% of the loan’s interest rate. Individuals are eligible for a cumulative subsidy of ¥3,000 per lending institution. The initiative aims to boost domestic consumption, sparking debate about consumer financing choices.
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Jayden Secures a Loan
Jayden Resources Inc. (JDN) secured a $250,000 loan to support operations, with repayment due in one year or upon a private placement. The loan has a 10% annual interest rate and is subject to TSX Venture Exchange approval, earmarked for working capital. The announcement includes forward-looking statements and cautions about potential risks.
