"German bank holds out on group's rescue Source - The Australian Financial Review
A German bank refused to agree to a funding extension for Centro Properties Group on 30 April 2008, resulting in the expiration of one of the company's funding deadlines. Centro announced a $A3.9 billion debt-funding shortfall in December 2007 and has since been searching for a new cornerstone lender, after reducing its borrowing through an asset sale. Despite intense talks between Centro's advisors and financiers over recent weeks, the company has been offered a seven-day extension of its funding deadline, rather than the five months that had been expected"
Any thoughts on this guys?
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
