But Glencore, under London Stock Exchange reporting obligations, said it would only contribute 300 million euros in equity (taking
a tiny equity interest of 0.54 %, and even that only «indirectly»), while the rest of the money was provided by «QIA and by non-recourse bank financing,» the latter being a loan that effectively insulates Glencore against most of the risks of owning Rosneft shares.
Not exact matches
Canadians have more
equity in their homes than Americans did, the default rate is lower, the sub-prime market is
tiny, and mortgage
interest is not tax - deductible, so there's no incentive to build up debt.
«Whenever a number of people contact me about the same subject I can be sure that many others are
interested too,» Kirby begins, «My only quibble with these portfolio ETFs is that the
equity portion has a
tiny allocation to REITs (about 1 %), no currency hedging on the
equity side and of course no opportunity to customize and use other assets such as GICs unless one wishes to do that separately.
Its current (IFRS) net
equity's almost EUR 1.1 billion, while the value of KWG's minority
interest is a mere EUR 42 million — in fact, the market value of that
interest is a
tiny EUR 24 million.