© Philippe Holthof
Worrying times for Naviera Armas Trasmediterránea
Mar 06 2020
FinanceNaviera Armas Trasmediterránea, Spain’s largest ferry group, is facing liquidity problems. In an article published in the Spanish press today, 6 March, it was revealed that the value of the group’s bonds had crashed to 56% of face value, and that some bond holders, such as Deutsche Bank and BlackRock, had tried to dispose of their holdings, but that there were few takers.
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