PIE Events
- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
Spain's Metrovacesa debt renegotiation sparks share rally
Spanish listed real estate developer Metrovacesa has agreed a debt refinancing with 90% of its creditor banks, ending nearly two years of negotiations and sparking a share rally of 13.6% 26 in their return to trading last week. The agreement fixes a five-year term and includes a E1.95bn capital increase. The firm is controlled by eight banks and carries debt of E5.72bn