PropertyEU

Depfa Tier 1 vehicle to miss payment on preferred securities

By A staff reporter 2009-03-06T00:00:00

Dublin-based public sector financier Depfa Bank, a member of the troubled Hypo Real Estate Group, has announced that its Tier 1 issuing vehicle, Depfa Funding IV, will not make payments on its EUR 500 mln preferred securities on the next distribution payment date scheduled 21 March 2009.

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