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Frisco Moves Ahead

Nov 9, 2012

Minera Frisco is advancing its $1.1bn, 5-year senior secured term loan facility, following bank meetings in Mexico and New York. Pricing is heard starting at Libor+325bp. Barclays, HSBC, JPMorgan and Scotia are heard to have emerged...

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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