Brief: Kenon says it will provide loans to Qoros with reduction in guarantee obligations
11/03/2017 01:24
March 10 (Reuters) - Kenon Holdings Ltd KEN.N
* Kenon announces that it will provide loans to qoros
together with a reduction in its back-to-back guarantee
obligations
* Says it has agreed to fund provision of up to rmb777
million (approximately $114 million) to qoros automobile co.,
ltd
* Reduction in back-to-back guarantees releases commitments
co has to pay any related interest and fees to chery under
guarantees
* Kenon holdings says funding is connected to remaining
rmb850 million guarantee obligations to joint venture partner
chery automobile co ltd in two tranches
Source text for Eikon: urn:newsml:reuters.com:*:nPn3sYT1Va
Further company coverage: KEN.N
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