Land Bank confirms default on R50bn of debt
The group defaulted on some obligations earlier in the week, but said then it had been insufficient to trigger a broader default
24 April 2020 - 08:01
Land Bank has warned those holding R50bn of its bonds that is is now in default, after failing to pay its obligations this week.
The bank warned on Thursday that it was at risk of a default, but had not yet reached the threshold required to formally trigger this...
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