We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Dodging a bullet

15 September 2008 By Fiona Maharg-Bravo

Lenders to the troubled Spanish real estate company have agreed to restructure E6.5bn of debt, one of the largest deals of its type in the nation s history. The complex plan, which includes a E1.4bn convertible bond, may let banks avoid taking a hit to profits for now.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)