03:17 Feb 2, 2012 |
Russian to English translations [PRO] Bus/Financial - Finance (general) | |||||
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| Selected response from: Zoya Nayshtut Local time: 17:22 | ||||
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Summary of answers provided | ||||
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3 +1 | to use the funds to repay the loan debt |
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4 | remit the funds so received for repayment of the outstanding loan |
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to use the funds to repay the loan debt Explanation: - -------------------------------------------------- Note added at 2 hrs (2012-02-02 06:03:16 GMT) -------------------------------------------------- The ECB will offer banks unlimited amounts of low-cost, three-year funds against collateral now more broadly defined, which many analysts hope will encourage buying of high-yielding Spanish and Italian bonds, helping ease the crisis in the euro bloc. Sources in Milan have told Reuters more than 10 Italian banks, including major lenders, were looking to apply for the ECB loans by using state-guaranteed bonds as collateral. But it was also likely that some banks would use the funds to repay their own debts as they strive to get rid of bad assets and improve their balance sheets amid strong regulatory pressures to beef up their core capital. http://www.eburypartners.co.uk/currencyexchange-blog/2011/12... They could use the funds to repay existing borrowing or for company expansion. http://www.totalinvestor.co.uk/a/blogs/show/254 |
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remit the funds so received for repayment of the outstanding loan Explanation: . |
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