PropertyEU

Colonial raises EUR 1.31 bn in convertible bond issue

By A staff reporter 2009-01-05T00:00:00

Troubled Spanish property group Colonial has placed EUR 1.31 bn in convertible bonds, mostly with its creditor banks which have underwritten the issue. The banks are Goldman Sachs, Eurohypo, Calyon and Royal Bank of Scotland as well as Banco Popular and La Caixa.

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