(Bloomberg) -- Inmobiliaria Colonial SA, Spain's
second-biggest realtor, almost doubled the interest premium
offered to lenders to compensate for the risk that Spain's 12-
year property boom may be over.
Colonial will pay as much as 3.5 percentage points over
benchmark rates on 6.5 billion euros ($9 billion) of loans, Chief
Executive Officer Mariano Miguel said. Underwriters led by
Goldman Sachs Group Inc. and Royal Bank of Scotland Group Plc
increased the interest premium after failing to attract enough
investors at an initial margin of 1.25 percentage points.
Read more at Bloomberg Bonds News
second-biggest realtor, almost doubled the interest premium
offered to lenders to compensate for the risk that Spain's 12-
year property boom may be over.
Colonial will pay as much as 3.5 percentage points over
benchmark rates on 6.5 billion euros ($9 billion) of loans, Chief
Executive Officer Mariano Miguel said. Underwriters led by
Goldman Sachs Group Inc. and Royal Bank of Scotland Group Plc
increased the interest premium after failing to attract enough
investors at an initial margin of 1.25 percentage points.
Read more at Bloomberg Bonds News
No comments:
Post a Comment