Guys, I am bit confused. Below is the news from 'Sky News'. Does it mean US banks have extended deadline for another 6 months beyond Sept and Aussie banks are thinking of doing the same. If that is what it means then Centro has enough time to sell some assets without any equity injection at these ridiculously low price.
http://www.skynews.com.au/business/article.aspx?id=224434
Centro lifeline
Updated: 06:25, Friday March 28, 2008
US bankers have thrown Centro Properties Group a lifeline, providing the troubled property group with an additional six months to repay more than $4 billion in debt.
It is understood the lenders want to see an orderly sell-off of the group and have expressed confidence in the company's new chief executive, Glenn Rufrano.
Centro's Australian bankers are considering a similar deal.
positive news from smh, page-32
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