September 05, 2024 12:27 GMT
CPI Properties (CPIPGR: Ba1 neg/BB+ neg): Higher
CREDIT UPDATE
- CPI Properties announced a complicated deal yesterday where they would sell their stake in S-Immo to Immofinanz.
- CPI themselves own 75% of Immofinanz and are lending money to that entity to buy the S-IMMO stake.
- Nevertheless, the market is taking the news well:
- CPIPGR 4.875% Call26 +0.92
- CPIPGR 3.75% Call28 +1.625
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