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| Name | Symbol | Market | Type |
|---|---|---|---|
| HSBC Holdings PLC | NYSE:HSBC | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 43.65 | 0 | 01:00:00 |
From May 2019 to May 2024
Platinum miner Lonmin PLC (LMI.LN) has asked its lenders--Lloyds Banking Group PLC (LYG), HSBC Holdings PLC (HBC) and Standard Chartered PLC (STAN.LN)--to waive a test of banking covenants that it will breach following a collapse of production at its Marikana mine due to violent clashes between strikers and police, The Sunday Telegraph reports.
The request is part of broader negotiations to restructure Lonmin's debt, which, if successful, could save shareholders from an expensive rescue-rights issue, the newspaper said.
It added that sources close to the situation described talks with lenders as "positive".
Lonmin wasn't immediately available for comment when contacted by Dow Jones Newswires.
full story: www.telegraph.co.uk/finance/newsbysector/industry/9499775/Lonmin-seeks-banks-deal.html
-London Bureau, Dow Jones Newswires; +44 (0)20 7842 9413
-0-
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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