Though bond term extensions and successes in reissuing new bonds have brought some respite for real estate firms, the limited time available for debt restructuring, coupled with the escalating coupon rates associated with these extensions and issuances, is creating a wave of uncertainty. Higher coupon rates With cash flow challenges plaguing real estate businesses, many have opted to negotiate with bondholders to extend the terms of their bonds. The implementation of Decree 08 has led to a flurry of activity in these extension negotiations. However, there is a potential drawback […]
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