Fir Tree Partners Is Said to Demand SBB Repay Bond Debt

New York-based investment firm Fir Tree Partners has claimed that Swedish landlord SBB is in breach of a key debt term and as such is demanding immediate repayment of the euro-denominated social bonds it holds, a person familiar with the matter said.

• The fund sent a letter to SBB claiming the interest coverage ratio had been breached on the two series of notes it holds due in 2028 and 2029, the person said who asked not to be identified because they are not authorized to speak publicly about it
• An email requesting comment was sent to Fir Tree on Friday, ...