(Bloomberg) -- Banks demanded that Inmobiliaria
Colonial SA pay more interest to borrow 7.2 billion euros ($9.7
billion) because of the risk Spain's second-largest developer
will be hurt by a slump in property prices.
Colonial will have to pay more than a 1.25 percentage-point
premium over interbank rates because underwriters led by Goldman
Sachs Group Inc. and Royal Bank of Scotland Group Plc can't find
enough loan investors, two people involved in the negotiations
said. Chairman Luis Portillo may have to repay part of the five-
year loan after three years, said one of the people.
Read more at Bloomberg Bonds News
Colonial SA pay more interest to borrow 7.2 billion euros ($9.7
billion) because of the risk Spain's second-largest developer
will be hurt by a slump in property prices.
Colonial will have to pay more than a 1.25 percentage-point
premium over interbank rates because underwriters led by Goldman
Sachs Group Inc. and Royal Bank of Scotland Group Plc can't find
enough loan investors, two people involved in the negotiations
said. Chairman Luis Portillo may have to repay part of the five-
year loan after three years, said one of the people.
Read more at Bloomberg Bonds News
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