Leda talks to banks as CMBS repayment deadline looms

Australia’s Leda Property Group is in talks with banks as it struggles to put together funding that will help it meet the original repayment schedule on A$300m ($271m) of commercial mortgage-backed securities.

  • 17 Feb 2010
The developer said that it “looks unlikely” it will be able to repay the mortgage-backed deal before its scheduled maturity on February 22, blaming recent volatility in global markets for hurting its ability to secure loans which it would use to refinance the CMBS. It is now in ...

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