TFC tfs corporation limited
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June 28 (Reuters) - TFS Corporation Ltd (TFC) : Tfs finalises...

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    29/06/16
    18:58
    Post #: 18153986

    June 28 (Reuters) - TFS Corporation Ltd (TFC) :

    • Tfs finalises sale of part of its loan book
    • Announced the signing of agreements to sell a portfolio of loans and receivables
    • Under the terms of the loan sale agreements, non-performing loans will be re-purchased by the company
    • Tfs has established two new on-going funding programs that enable the company to elect to divest loans written in future Plantation sales seasons
    • Loans and receivables with a book value of $25 million for cash proceeds of $24 million

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