This article is from the Australian Property Journal archive
ING Real Estate Entertainment Fund has negotiated an extension on the maturity date for a $19.6 million Convertible Loan Securities.
The maturity date was previously July 16 until August 31. As a condition of the extension IEF will be required to pay 10% pa interest over the period.
Meanwhile IEF entered into a trading halt pending an announcement on capital management initiatives.
Australian Property Journal
