Revaluation blow to Centro syndicate investors
Abstracted from The Australian Financial Review
Revaluations have pushed the loan-to-valuation ratio on Centro Properties Group assets much higher. In late December 2008, the group announced that revaluations on two shopping centres had resulted in a 17 per cent reduction to their worth. The new 89.3 per cent loan-to-value ratio is well past the limit set by Centro's banking covenant. Meanwhile, net asset backing has dropped to $A0.28
http://www.businessspectator.com.au/bs.nsf/Article/Revaluation-blow-to-Centro-syndicate-investors-N3S44?opendocument&src=rss
- Forums
- ASX - By Stock
- CNP
- cnp nta now 0.28
cnp nta now 0.28
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries