tokyo real estate lures asian bargain hunters, page-10

Well, bear in mind that it WAS the refinance during the GFC that got GJT into the Eurobond mess. Who in the relight mind will take up a loan at 15% rate willingly? Not to mention the Euro convertible bonds...

In a recap negotiation, it's always up to who is in the driver seat. I don't think GJT will get screwed like it did with the Eurobonds, but they DO need the recap.

I am far from your optimistic level, but still cauciously positive.