Troubled Real Estate Firm SBB Faces Bond Repayment Demand.

Swedish real estate firm SBB is facing a demand for bond repayment from Fir Tree Partners, a New York-based hedge fund. The demand comes after Fir Tree claimed that SBB breached a key debt term. The holdings in question amount to about €46 million ($49.2 million) and represent approximately 1% of SBB's total bond stock. SBB, which is at the center of Sweden's property crisis, denies the claim and considers the acceleration notice ineffective. The company recently announced a major reorganization to secure fresh funds and stabilize its finances. [Extracted from the article]