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  1. 259 Posts.
    Here its is:

    Centro Properties, Retail in trading halt


    Company overview
    Real-time quote
    CER.AX , 0.480, +0, +0%) have both have been placed in trading halts ahead of a deadline for an extension on $2.3 billion of debt. Securities in both companies will not be traded until either normal trading begins on 9 May, or an announcement is made.
    Shopping centre owner Centro Properties was granted a seven-day extension until today to finalise a longer-term extension on $2.3 billion in debt owed to its Australian lenders.

    The extension also effectively covers another US$450 million ($474.2 million) in US private placement notes whose holders have agreed to act in line with Australian extension arrangements.

    Complicating the matter are two other debt obligations of US$1.3 billion ($1.37 billion) and $US1.2 billion ($1.26 billion) owed by Centro Properties and Centro Retail Trust for their US joint venture.

    Those debts were last week refinanced to 30 September but the extensions also were contingent on Centro's $2.3 billion debt due on 30 April being refinanced.

    Centro Properties was halted at 47c and Centro Retail halted at 48c
 
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Currently unlisted public company.

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