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Newland, Bondholders Take Restructuring Step

Apr 5, 2012

Newland International Properties, the developer of the Trump Ocean Club Hotel & Tower (TOClub) in Panama, has agreed with holders of $220m in project bonds on an initial step towards a long-awaited restructuring deal. The parties have decided to amend the indenture of...

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There is performance risk that the market is going to have to evaluate and assess. I think that is very healthy for the market because that will enable us to finance a much wider range of projects.

Luis Fernando Andrade, Colombian National Infrastructure Agency


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