Centro faces capital-raising strife
| Source: | Lateline Business |
|---|---|
| Published: | Monday, August 25, 2008 10:41 AEST |
| Expires: | Sunday, November 23, 2008 10:41 AEST |
There has been more gloomy news from another subprime victim, Centro Property. The shopping centre owner says it is unlikely to meet a December deadline to raise new capital, forcing it to again ask its bankers to extend loans worth $5.3 billion.
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