PropertyEU

Orco's bondholders reject debt proposal

By A staff reporter 2010-01-18T00:00:00

Troubled Central European developer Orco has failed again to get bondholders' approval on a plan to restructure its debt. The Paris-based company, which has been under creditor protection since last March, had put forward a proposal to its bondholders to swap around EUR 400 mln of debt for stock.

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