01.08.2014 - Russia Risk Seen Prompting BNP Paribas Commodity Bond Prepayment
Bonds backed by loans made by BNP Paribas SA (BNP) to commodity traders will be repaid early because there’s a shortage of borrowers seeking to finance new shipments amid conflict in the Ukraine, according to Fitch Ratings. The $131.6 million Lighthouse Trade Finance Issuer I Ltd. notes will be redeemed because of “the shortage of commodity transactions” originated by BNP Paribas’s Geneva office, which focuses on energy commodities sourced from eastern Europe, including Russia, Fitch said in a statement...............................................Full Article: Source
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