Halabi Companies Fail to Fix Mortgage Bonds Default
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2009-07-04 — bloomberg.com
" Investor Simon Halabi’s real-estate companies failed to remedy a default on 1.15 billion pounds ($1.9 billion) of commercial mortgage bonds at a time when, according to Fitch Ratings, “pretty much” all such European deals would breach loan-to-value conditions if they were tested."
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