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Australian brokerage refinances its debt

by Stuart Kelly

BABCOCK & Brown Ltd, Australia's second-biggest securities firm, agreed to a higher interest rate on A$2.8 billion (US$2.7 billion) of debt as banks waived their right to force early repayment. Bank of Scotland...

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200807/20080701/article_365134.htm"> Australian brokerage refinances its debt </a> by -- BABCOCK & Brown Ltd, Australia's second-biggest securities firm, agreed to a higher interest rate on A$2.8 billion (US$2.7 billion) of debt as banks waived their right to force early repayment. Bank of Scotland... </p>