Intercapital Property Development REIT is in talks with its bondholders for the extension of its €5m bond, which matures on 14 August 2010 and carries 9% coupon payable semiannually. According to the company’s consultant, Nikolay Maister, all of the bondholders are open for discussions under certain circumstances. The restructuring is most likely to involve some combination of partial principal repayment, a higher coupon rate and issuer’s participation in the restructuring deal. Mr Mayster’s expectations are for both sides to reach a mutually acceptable solution before end of next week when the bondholders meeting is due to take place.