Halabi Companies Fail To Fix CMBS Default

Real estate companies owned by investor Simon Halabi failed to fix a default on £1.15 billion ($1.88 billion) of commercial mortgage backed securities by last Thursday’s deadline.

  • 06 Jul 2009
Real estate companies owned by investor Simon Halabi failed to fix a default on £1.15 billion ($1.88 billion) of commercial mortgage backed securities by last Thursday’s deadline. The bonds’ issuer, White Tower 2006-3, had 10 days to remedy the situation after the bonds breached covenants after the properties’ ...

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1 CITIC Securities 1,560.67 2 10.70%
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4 Rabobank 1,081.86 1 7.42%
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