Development Securities, the UK development and investment company, announced on Tuesday that it has agreed to extend the due date on the £52 mln (EUR 65) of loan notes outstanding from the sale of Oriental City in London to 28 November 2008. 'It is probable that, as part of these financing arrangements, a minority proportion of the monies due under the loan notes may be deferred for an extended period beyond March 2010,' Development Securities said in a statement.
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