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article: everything must go ...

  1. 278 Posts.
    This quote was not inside quotes in the article so probably wasnt verbatim and could have been an interpretation of what was really said.

    It hints at debt must "be repaid" which is possibly a little inconsistent with "its not fire sale" in other reports. Of course the debt eventually has to be repaid if not rolled over, refinanced etc.

    Is by journalist Cummins at Fairfax.

    DYOR

    http://www.brisbanetimes.com.au/business/everything-must-go-in-centro-asset-selloff-20101104-17ftt.html

    Mr Tsenin said the underlying premise is that Centro needs capital. Although the shopping centres are performing well and sales are strong, the debt level at the overriding manager, known as the responsible entity, must be repaid.

 
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