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BRIEF-Kenon says it will provide loans to Qoros with reduction in guarantee obligations
March 11, 2017 / 1:30 AM / 5 months ago

BRIEF-Kenon says it will provide loans to Qoros with reduction in guarantee obligations

March 10 (Reuters) - Kenon Holdings Ltd

* Kenon announces that it will provide loans to qoros together with a reduction in its back-to-back guarantee obligations

* Says it has agreed to fund provision of up to rmb777 million (approximately $114 million) to qoros automobile co., ltd

* Reduction in back-to-back guarantees releases commitments co has to pay any related interest and fees to chery under guarantees

* Kenon holdings says funding is connected to remaining rmb850 million guarantee obligations to joint venture partner chery automobile co ltd in two tranches Source text for Eikon: Further company coverage:

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