Treasury
Gigasun Lands CNY100 Million Loan Facility
Gigasun (GIGA.ST) said Wednesday it secured a 100 million-yuan loan facility as part of its refinancing in China.The new 10-year loan carries an interest rate of 4.8% and will replace an existing seven-year facility with a rate of 6.8%.The refinancing aims to cut the Swedish solar energy company's interest costs and boost earnings by 2 million yuan annually.
$GIGA.ST
