Oscar Properties, one of many Swedish property firms buckling under the weight of soaring borrowing costs and slowing demand, said one lender has accepted the plan and is withdrawing its notice of termination of a 485 million crown loan.

But the other bank has not accepted the plan and maintained its demand for immediate repayment of 1.6 billion crowns, Oscar Properties said in a statement.

The company will keep trying to reach a deal, it said, while adding that it is also in talks with creditors over other debt.

The real estate developer last month said it was in talks with its major creditors and had postponed interest payments on some of its debt.

The new preliminary financing plan includes capital injections from existing and new owners as well as debt conversion, it said.

($1 = 10.9644 Swedish crowns)

(Reporting by Anna Ringstrom, editing by Terje Solsvik)