April 25, 2024 07:18 GMT
Canary Wharf (Ba3): Refinancing
REAL ESTATE
• The FT reports Canary Wharf group have secured a £553mn financing package, extending secured loans by 5 years and agreeing 2 other loans.
• Aiming to refi or extend a further £900mn of debt this year.
• 26s have rallied from ~72 to ~86pts since October when refinancing started to get done; this is another positive step and will not be a surprise to the market.
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