Orco Property Group overall bond debt unchanged after review denial

By Caroline Salls

Pittsburgh, Sept. 22 - Orco Property Group's overall bond debt remains the same after a "juge commissaire" denied the bondholder representative's request for a review of decisions on the admission of the bond debt in connection with the company's safeguard plan, according to a news release.

Specifically, the representative for Orco's 2010, 2013 and 2014 bonds sought to increase the overall bond debt admitted by including an additional accrued interest component and a yield component.

According to the release, the review denial can be appealed.

Orco Property Group is a Central European developer and asset management company based in Luxembourg.

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