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Colonial revamp lays template
- Source :
- Wall Street Journal. Europe. March 31, 2010, A26
- Publication Year :
- 2010
-
Abstract
- To restructure its debt, Spanish real estate giant Inmobiliaria Colonial issued new shares, which were swapped for convertible bonds held by the company's creditors. Pending shareholder approval, Colonial will issue more shares to creditors in exchange for retiring about 1.9 billion euro of Colonial's debt. Article discusses how companies are swapping equity for debt to avoid defaulting on loans.
- Subjects :
- Real estate industry -- Finance
Real estate industry -- Securities
Real estate industry -- Company forecasts
Debt equity conversion -- Forecasts and trends
Company financing
Company securities
Company business forecast/projection
Market trend/market analysis
Banking, finance and accounting industries
Business
Business, international
Subjects
Details
- Language :
- English
- ISSN :
- 09219986
- Database :
- Gale General OneFile
- Journal :
- Wall Street Journal. Europe
- Publication Type :
- News
- Accession number :
- edsgcl.222693261