Sun, Dec 21, 2014
A A A
Welcome preal121
RSS

Sovereign Wealth Funds Briefing - Categorized | Performance

GPT discount nets $1bn

Posted on 27 October 2008

From News.com: Property trust GPT Group has sold $1 billion in shares at a hefty 48 per cent discount to their last traded price to repay debt amid falling property values.

GPT, whose chief executive Nic Lyons stepped down this week, is seeking at least $1.3 billion to repay borrowings. Investors bought the GPT shares for 60 each - compared with their last traded price of $1.15 before they were placed in a trading halt on Wednesday.. …. Full Article: Source


 Article link

This post was written by:

VRS - who has written 15428 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031