PIE Events
- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
Norwegian Property makes e170m cash call, pressures banks on debt rescheduling
Norway's largest listed real estate group Norwegian Property has won approval for a private placement of nearly 202m new stock, and a 50-times split in the par value of its shares. It said it has negotiated with key banks a number of amendments to loan agreements relating in particular to covenants and maturities. The equity move depends on the banks rescheduling