Wed 11/30/2022 06:58 AM
IKB Deutsche Industriebank sold a €20 million portion of Orpea’s
Schuldschein debt at 20.27 yesterday, Nov. 29, in an auction, sources told Reorg. More banks, including a Spanish lender, are expected to seek internal approvals this week to sell their holdings in the French care home operator’s debt, sources noted.
About 10 Chinese and German lenders holding roughly €500 million of Orpea’s German
Schuldschein debt are working with law firms Jeantet in France and German law firm Noerr, as
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