FRANKFURT: Deutsche Bank AG has sold a portion of a US$600mil loan being used to finance an Australian coal mine’s acquisition to some private credit funds, according to people familiar with the matter.
The German lender in recent weeks sold about US$120mil – half of its exposure – to Australian and Asian credit funds including Income Asset Management Group Ltd, Regal Funds Management and Keyview Financial Group, said the people, who requested anonymity as the matter is private.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
