{"id":460540,"date":"2022-01-06T09:21:18","date_gmt":"2022-01-06T03:51:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=460540"},"modified":"2022-01-06T09:51:16","modified_gmt":"2022-01-06T04:21:16","slug":"german-energy-giant-uniper-gets-11-billion-to-pay-margin-calls","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/german-energy-giant-uniper-gets-11-billion-to-pay-margin-calls\/","title":{"rendered":"German energy giant Uniper gets $11 billion to pay margin calls"},"content":{"rendered":"<p>German energy giant Uniper SE was forced to borrow billions to pay down margin calls &#8212; the collateral that exchanges require to back up trades &#8212; as European gas and electricity prices rallied.<\/p>\n<p>Uniper got additional loans totaling 10 billion euros ($11.3 billion) from its Finnish parent Fortum Oyj and KfW IPEX-Bank, the company said in a statement after the close of trading on Tuesday. The borrowing facilities correspond to about two-thirds of the company\u2019s market value of just over 15 billion euros. <\/p>\n<p>With gas and power prices repeatedly rising to records since July, many companies that had fixed energy prices are now having to post more collateral to guarantee those trades.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>German energy giant Uniper SE was forced to borrow billions to pay down margin calls &#8212; the collateral that exchanges require to back up trades &#8212; as European gas and electricity prices rallied. Uniper got additional loans totaling 10 billion euros ($11.3 billion) from its Finnish parent Fortum Oyj and KfW IPEX-Bank, the company said in a statement after the close of trading on Tuesday. The borrowing facilities correspond to about two-thirds of the company\u2019s market value of just over 15 billion euros. With gas and power prices repeatedly rising to records since July, many companies that had fixed energy [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-460540","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/460540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=460540"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/460540\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=460540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=460540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=460540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}