Bankia to sell 1.3-bln-euro bad loan book to U.S., UK funds

MADRID, July 6 (Reuters) - Spanish state-rescued lender Bankia is close to selling a bad-loan portfolio worth around 1.3 billion euros ($1.4 billion) to U.S. fund Oaktree and British fund Chenavari, a source close to the sale said on Monday.

from Reuters: New Issues News http://ift.tt/1J08smg