Canary Wharf bondholders approve refinancing

Canary Wharf Group bondholders have approved a £610m refinancing. Brookfield said last month that it would provide £90m in fresh equity for the group and that it would also look to raise £610m in new debt to refinance existing borrowing.  The deal required sign-off from holders of €300m (£248m) of 2026 notes and £300m of 2028 notes. A majority of both groups have now cleared the deal. Ratings agency Moody’s had earlier welcomed the move, saying Brookfield’s backing “significantly reduced refinancing risk”.