NewsWhore
11-11-2011, 02:10 PM
International wire services are carrying the news that Cap Cana, the large-scale luxury tourism residential development in southern Punta Cana has defaulted on its interest payments for bonds due in 2016. The company failed to make a 31 October interest payment of about US$4.8 million, citing cash flow problems. The company said it would hold a conference call with investors on 18 November.
More... (http://www.dr1.com/index.html#9)
More... (http://www.dr1.com/index.html#9)