The problem for CBA and all other secured lenders will be that CNP will sell at fire sale prices rather market based capitalisation rates. The lending syndicate have already refused sales as a result of investors attempting to secure properties below acceptable prices. In administration it will be whatever the market wants to pay and its not looking good. Hopefully the banking syndicate will realise that letting CNP go will cause mass destuction of retail property values.
CNP Price at posting:
6.5¢ Sentiment: Hold Disclosure: Held
