Tag: Robert Ancilleri
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From one distressed shopping mall to another: restructuring for Shoreline is in the offing
There is a high probability that Shoreline Mall and its complex financial structure are going to be restructured, and not just because the company is unable to sustain its bond payments or because of chronic liquidity pressures. Shoreline Mall may also be heading toward restructuring because its shareholders recently hired a director who apparently specialises…
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EXCLUSIVE: No guarantee by Shoreline director that bondholders are to be paid
One of the directors of Shoreline Mall, a real-estate project in Smart City, Kalkara, currently led by Kevin Deguara and his associates, has told The Maltese Herald that he can not confirm whether bondholders of the 4% secured bonds maturing in August are to be paid. The bonds are currently trading at 97% of their…
