CNP 0.00% 4.0¢ cnpr group

hope this give some hints

  1. 64 Posts.
    It is old news but looks CNP just waits for USA agreement tonight and then make an announcement.

    http://www.bloomberg.com/apps/news?pid=20601081&sid=a47a.vV4cmwQ&refer=australia
    Centro Debt Deadline Extended Two Months to April, Herald Says

    By Jesse Riseborough

    Feb. 13 (Bloomberg) -- Centro Properties Group has secured an extra two months on its deadline for refinancing its debt, the Sydney Morning Herald reported, without saying where it got the information.

    National Australia Bank Ltd., Australia & New Zealand Banking Group Ltd. and Commonwealth Bank of Australia, which are owed a combined A$500 million ($452 million), have agreed in principle to the new financing plan set to be announced on the original deadline this Friday, the newspaper reported.

    Centro now has until mid-April to conduct an orderly auction of key parts of its shopping mall portfolio, the Herald said. The new plan to reduce the company's A$3.9 billion in debt may help to avoid a fire sale of its assets, the paper said.

    To contact the reporter on this story: Jesse Riseborough in Melbourne at [email protected]

    Last Updated: February 12, 2008 15:38 EST
 
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