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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.
Photo: Kasper Palsnov/Jyllands-Posten
Photo: Kasper Palsnov/Jyllands-Posten
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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