Fortescue Secures ¥14.2 Billion (US$1.98 billion) Loan to Accelerate Decarbonization Strategy
Fortescue Metals Group has secured a landmark ¥14.2 billion (US$1.98 billion) syndicated loan to support its decarbonization initiatives and general corporate activities. The five-year facility, fixed at an annual interest rate of 3.8%, marks the first such financing for an Australian company with unrestricted use of proceeds. Strategic Shift Toward China The loan underscores Fortescue’s […]
Continue Reading