Banks divest loans in OW Bunker
A number of banks, which a year ago provided USD 700 million to now-bankrupt company OW Bunker, are now putting the loans up for sale at significant discounts, reports Bloomberg.
BY OLE ANDERSEN
The 13 international banks, which one year ago provided loans worth USD 700 million to now-collapsed OW Bunker, have put the debt up for sale. In some cases for less than half of the face value, writes Bloomberg.
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