(Bloomberg) -- Grupo Martinsa, the Spanish property
developer buying bigger rival Fadesa Inmobiliaria SA, increased
the interest offered on 3 billion euros ($4 billion) of loans to
finance the takeover, bankers involved in the transaction said.
Martinsa, run by Real Madrid soccer club's former president
Fernando Martin, will pay interest of 3.5 percentage points more
than benchmark lending rates on a 970 million-euro portion, 1
percentage point more than it initially sought to pay, said two
bankers involved in the deal.
Read more at Bloomberg Bonds News
developer buying bigger rival Fadesa Inmobiliaria SA, increased
the interest offered on 3 billion euros ($4 billion) of loans to
finance the takeover, bankers involved in the transaction said.
Martinsa, run by Real Madrid soccer club's former president
Fernando Martin, will pay interest of 3.5 percentage points more
than benchmark lending rates on a 970 million-euro portion, 1
percentage point more than it initially sought to pay, said two
bankers involved in the deal.
Read more at Bloomberg Bonds News
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