PropertyEU

Orco unveils debt restructuring plan

By A staff reporter 2009-09-17T00:00:00

Troubled Central European property developer Orco is offering its bondholders a debt-for-equity swap as part of its restructuring plan. The company, which was granted protection from its creditors by a Paris court last March, is proposing that the creditors exchange their bonds worth EUR 411 mln for a mix of ...

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