Spanish property company Realia said in a stock exchange announcement late on Tuesday that it expects to soon reach an agreement with its creditor banks for the refinancing of a EUR 754.5 mln pile of debt maturing at the end of 2009. In its 2008 results, the Madrid-based property developer said the company 'does not have liquidity problems with regard to its development business' and added that it is confident it can restructure its credit facilities due to the high quality of its property assets.
Spanish property company Realia said in a stock exchange announcement late on Tuesday that it expects to soon reach an agreement with its creditor banks for the refinancing of a EUR 754.5 mln pile of debt maturing at the end of 2009. In its 2008 results, the Madrid-based property developer said the company 'does not have liquidity problems with regard to its development business' and added that it is confident it can restructure its credit facilities due to the high quality of its property assets.
