In my view, it's good news.
Cast off assets which are below loan values, meaning it should also reduce the not just the total debt figure, but proportionately less effect on the asset value of the portfolio.
Further, as it's non-recourse, lender can't grab anything else of AEZ.
Almost like a US homeowner deciding to walk out of the home, leaving the bank to hold what little value is left.
Ann: City Mall Property Loan Update , page-2
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