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Treveria: Bank Files For Insolvency On Part Of Treveria's Debt

Thu, 08th Jul 2010 07:56

LONDON (Dow Jones)--Property investor Treveria PLC (TRV.LN) Thursday said Deutsche Bank AG (DBK.XE) has filed for insolvency on part of a loan portfolio on one of Treveria's debt facilities. Deutsche Bank, acting as the servicing agent of Treveria's first Deutsche Bank/Citigroup debt facility, has made the filing on the part of the debt facility which relates to certain German property holding companies. Treveria, which focuses on German retail real estate, said this comprises EUR329 million of this specific facility's loan value of EUR553 million. The company said this represents 19% of its total debt facilities. -By Rachael Gormley, Dow Jones Newswires; 44-20-7842-9308; rachael.gormley@dowjones.com (END) Dow Jones Newswires July 08, 2010 02:56 ET (06:56 GMT)
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