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Once-AAA Bonds on New York Megamall Face Over $350 Million Loss
📅7 August 2026 at 15:34
📰Bloomberg
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Pyramid Management Group, a shopping center developer, is buying back the mortgage on a struggling megamall it owns in Syracuse, New York, for cents on the dollar, mostly wiping out bonds that originally carried top ratings.
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Source: This article was originally published by Bloomberg. All rights reserved to the original publisher.
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