04.10.2011 - RBS $2.2 bln property loan sale may fail
A 1.4 billion pounds ($2.2 billion) deal between Royal Bank of Scotland and Blackstone to rid the bank of some of its troubled property loans may fail, robbing the industry of a template for similar transactions, three sources said. The deal, code named Project Isobel, required debt funding from third parties of about 60 percent and was part of a move by RBS to reduce its estimated 80 billion pounds property exposure, after its government bailout during the credit crisis..............................................Full Article: Source
Print