Breaking Business News | Breaking business news AM | Breaking Business News PM | Landbank confirms default it has been trying to avoid

24 Apr 2020

The Land Bank has failed to stave off financial ruin after defaulting on debt that was due on Thursday. The default has now triggered cross default on certain other bonds – a clause that puts a borrower in default if they fail to honour their other debt obligations.

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This content was originally published by Fin24 News. Original publishers retain all rights. It appears here for a limited time before automated archiving. By Fin24 News

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