Friday, May 18, 2007

Realia Borrows 1.6 Billion Euros to Refinance SIIC de Paris Acquisition

(Bloomberg) -- Realia Business SA, the Spanish real- estate developer, is borrowing 1.6 billion euros ($2.2 billion) to refinance the acquisition of SIIC de Paris and other debt.

The 10-year loan is in two parts paying margins of as much as 85 basis points more than Euribor, a benchmark for borrowing, according to a banker with direct knowledge of the deal.


Read more at Bloomberg Bonds News

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