Source: http://news.yahoo.com/spains-bad-bank-lures-investors-steep-discounts-185931704--sector.html
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Monday, October 29, 2012
Spain's bad bank lures investors with steep discounts
MADRID (Reuters) - Spain on Monday said it would apply steep discounts to property assets transferred into a so-called bad bank and pledged significant returns in a move to lure reluctant investors. The government is setting up an asset management company, or bad bank, for up to 90 billion euros worth of real estate assets sitting on lenders' books after a property bubble burst five years ago ...
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