A Czech company agreed to pay four cents on the dollar for $285 million of bad corporate loans held by the Deposit Guarantee Fund. Through an auction on ProZorro.sale, APS Holding is to pay $11 million for the paper from shuttered banks. Based in Prague, APS boasts on its website of “14 years of experience on the distressed debt market.”
A Czech company agreed to pay four cents on the dollar for $285 million of bad corporate loans held by the Deposit Guarantee Fund.
