Cap Cana Plays Hardball as Bridge Matures

Nov 19, 2008

Dominican luxury resort Cap Cana, the once celebrated darling of LatAm structured finance, will this morning decide if it will default on a $100m bridge loan it raised with Deutsche Bank and Morgan Stanley a year ago. A default on the facility, which matures today, would trigger cross-default clauses on...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management