Treasury in battle to refinance €375m debt

Treasury Holdings is engaged in crucial refinancing talks with German lender Eurohypo over a €375 million bond, as it seeks to save what remains of its property empire.

Ian Kehoe - avatar

Ian Kehoe

11th August, 2012
Richard Barrett and Johnny Ronan of Treasury Holdings. Photo: Photocall

Treasury Holdings is engaged in crucial refinancing talks with the German lender Eurohypo over a €375 million bond, as the embattled group seeks to save what remains of its property empire.

The negotiations have scaled up in recent days after Treasury failed in its bid to prevent the National Asset Management Agency (Nama) from foreclosing on a large portion of its Irish assets.

The €375 million was borrowed by Real Estates Opportunities (REO), the investment...

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