As part of the requirements of its bond issue, CML is to provide monthly investor reporting on the performance of eligible receivables and confirm compliance with its covenants
As such, today the company has confirmed compliance and provided statistics on its trade finance loan book as at 31 May 2015. The ASX release is available here.
The group’s trade finance loan book performance is stable and the acquisition and expansion are on track and in-line with forecasts.
Director - Credit Research, Industrials and Corporates. Will has over 15 years’ experience in credit and fixed income markets, including 6 in London, working at fund managers, banks and government treasury.