AJA 0.00% $7.23 astro japan property group

loan maturity update 29/6, page-9

  1. 14 Posts.
    The lenders are down approx $60m no matter what happens as the loans are non-recourse to AJA and will not be repaid.

    The settlement agreement for the 10 properties, with the approx $60m discount to book value, reflects this fact.

    The lenders and AJA consider the settlement to be in both of their best interests and better than a default.

    Im am not sure where the figure of $122m comes from.
 
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