Another fluff piece from Faifax:"CENTRO Properties Group...

Another fluff piece from Faifax:

"CENTRO Properties Group financiers have thrown the group's directors a six-month lifeline to repay $4.2 billion."

Centro aren't required to repay $4.2B

"The decision to extend the Australian banks' deadline from April 30 to September 30, to coincide with the repayment deadline for the US bankers and bondholders, was made at meeting of all financiers last week in San Francisco."

"Although not all the Australian banks have agreed to extend the April 30 deadline, it is believed they are in discussions and agree that it would take time to raise the cash in a "calm and sensible manner"."

So which is it Caroline? There is a decision by "all financiers" or not by "all the Australian banks".

She doesn't have a clue.

The only news that counts is an announcement from Centro.