MFS mfs limited

mfs breaches loan agreement with bank of scotl, page-22

  1. 525 Posts.


    This type of investment vehicle designed as primarily a low risk income fund should never have been exposed to a loan of this magnitude


    From memory they stated it was meant to be a temporary loan they probably needed extra cash to speed up some of the development projects

    If you read between the lines it appears that PIF are now putting the squeeze on some of the outstanding loan debt obligations to get their money back fast
 
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Currently unlisted public company.

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