Dutch Housing Org. To Pay EUR600 Mln To Unwind Swaps

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Dutch Housing Org. To Pay EUR600 Mln To Unwind Swaps

Dutch social-housing organization Stichting Vestia Groep will lose EUR1.3 billion (USD1.65 billion) of collateral and repay nine banks EUR600 million (USD762.2 million) over 10 years in exchange for the banks unwinding the swaps.

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