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Commune hold meeting on failing bond dealThursday, 08 December 2011
Oskarshamn municipality can lose up to Skr170 million in a bond deal made in 2005.
On Thursday, the municipality's top politicians called for an extraordinary meeting in response to the financial crisis, reports various local newspaper.
AdvertisementThe bond package was purchased by consultants, with no capital guarantee, and is valued today at Skr36 million, compared with Skr170 million when they were purchased.
The municipality's financial manager is concerned that they may be completely worthless.
By Scancomark.se Team
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