Bathla Group, an insolvent Australian property developer, has rippled through the country's property and private-credit markets. Administrator Teneo said talks with five lenders over bridge funding are ongoing and an outcome is expected Monday morning. The proposed financing would keep projects already funded by those five lenders under construction; other projects will cease on Monday. A A$2.3 bln funding shortfall has stalled 72 apartments and left contractors unpaid. The failure underscores v

Bathla Group, an insolvent Australian property developer, has rippled through the country's property and private-credit markets. Administrator Teneo said talks with five lenders over bridge funding are ongoing and an outcome is expected Monday morning. The proposed financing would keep projects already funded by those five lenders under construction; other projects will cease on Monday. A A$2.3 bln funding shortfall has stalled 72 apartments and left contractors unpaid. The failure underscores vulnerabilities in Australia's A$144 bln private credit market.