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The bonds later rose in value, providing big profits to Lyonnais and to Mr. Pinault, who bought two-thirds of the bonds from the bank.
Other Catholic leaders and people who know the pope say he also believes that any suffering he endures has value, providing people with an inspirational image of courage.
Most banks that are selling assets have priced them close to face value, providing little to entice buyers.Even where sales are agreed, financing is scarce.
For more than seven years — from November 1999 through January 2007 — REIT shares soared in value, providing giddy investors with average annualized returns of 23.6percentt, according to the National Association of Real Estate Investment Trusts.
He urged starting with a list price not too far off the market value, providing good comparables to support the price, and not wasting the bank's time by presenting hopelessly lowball offers.
