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What is Raiser plc Loan Modification Analysis about?

Raiser took a loan from BeeBank in 20X1 at an interest rate of 7% payable annually. In 20X5, Raiser faced financial difficulties and the bank agreed to modify the terms. The new terms included no interest payments in 20X6-20X7, interest of 13% from 20X8, maturity date extended to 20X13, and a fee of 400,000. The fair value of the new loan was 50,500,000. This modification resulted in a loss of 1,068,400 which Raiser recorded in 20X6.

Author

DOANH HOANG KHIET

Language

EN