CORRECTED-Japan’s MUFG takes big loss on loan to Glencore-led coal port – sources
Mitsubishi UFJ Financial Group
(MUFG) sold off its $85 million loan to Glencore’s
Wiggins Island Coal Export Terminal (WICET) in Australia to a
hedge fund on Wednesday at about 52 cents in the dollar, two
sources said.
(MUFG) sold off its $85 million loan to Glencore’s
Wiggins Island Coal Export Terminal (WICET) in Australia to a
hedge fund on Wednesday at about 52 cents in the dollar, two
sources said.
Posted by Reuters
