By Mike Turner
11.30 AM
Eurostar, the company that runs trains through the Channel Tunnel between London and Europe, has signed a £250m commercial financing package, months after the company begged the UK government for bailout funding.
The bulk of the facility is made up of a £150m syndicated loan from Barclays, BNP Paribas, Crédit Agricole, Export Development Canada, NatWest and Société Générale.This facility comes with guarantees from Eurostar’s shareholders; the French state railway group SNCF, Canadian pension fund CDPQ and Hermes Infrastructure via their
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