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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
REAL ESTATE
- Branicks Group AG reached an agreement with bridge financing lenders to provisionally suspend certain loan conditions and repayment obligations until 27 March 2024.
- The agreement relates to a bridge financing valued at EUR 200mn for the acquisition of shares in VIB Vermögen AG completed in 2022.
- Branicks is also negotiating with promissory note holders about adjusting loans maturing in 2024, totalling EUR 225mn.
- Last week, we bulleted on the downgrade of Branicks to CCC+[N] by S&P and the volatility in their EUR 400mn 2026s, which have seen quite a lot of volatility as the Branicks liquidity outlook deteriorated.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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