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Blackstone defaults on $562 mln Nordic property-backed CMBS - Bloomberg News

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Blackstone defaults on $562 mln Nordic property-backed CMBS - Bloomberg News

Blackstone Inc has defaulted on a 531 million euro ($562.5 million) bond backed by a portfolio of offices and stores owned by Finnish company Sponda Oy, Bloomberg News reported, as rising interest rates hit European property values.

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Blackstone defaults on $562 mln Nordic property-backed CMBS - Bloomberg News

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Blackstone defaults on $562 mln Nordic property-backed CMBS - Bloomberg News

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