Centuria Bass Credit Explores Sale of Bathla Group Debt

Centuria Bass Credit, a unit of Centuria Capital Group and a major creditor of the insolvent Sydney-based builder Bathla Group, is exploring the sale of debt tied to the company. The move indicates that major creditors are seeking to reduce their exposure as the financial crisis surrounding the builder persists.

While Centuria Bass has held discussions with potential investors, no deal is imminent. Prospective buyers are reportedly seeking discounts of 20% to 30% on the assets.