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Royal Nickel turns to Swedbank for Dumont debt

Toronto-listed Royal Nickel has enlisted the Norwegian arm of Swedbank to raise US$600 million of bonds to help fund construction of its Dumont nickel project in Quebec, Canada.

In addition to securing debt commitments, Swedbank Norway will also be tasked with helping Royal Nickel raise the required equity for Dumont, which is expected to cost $1.2 billion to build.