The company said this ICA bondholders
' meeting was attended by ICA bondholders
Plaza said it will apply 75% of the sale proceeds collected during the period toward repaying bondholders
Georgiades, the bondholders
said, must stop recommending that bondholders
resort to trials and courts.
Of the corresponding 1,440 daily cash awards valued at Dh50 each, 600 prizes are reserved for bondholders
in specific sub-categories: 200 for female bondholders
, 200 for minor bondholders
and 200 for those bondholders
who have a direct debit arrangement with their respective banks or through payroll deduction by their employers via the Employee Savings Scheme.
Mr Boyd Barrett added: "It is hardly surprising the representatives of bondholders
advised the Government to prioritise bondholders
with devastating consequences for the country and for Ireland's economic future.
For example, bondholders
were fully covered in the bailouts of AIG, Bank of America, Citigroup, and Fannie Mae, while these firms' shareholders had to bear large losses.
The company has reported that in addition to an agreement with bondholders
announced earlier, Natasa has recently made an alternative offer to bondholders
, which is conditional upon the company shareholders approving the proposed transaction with Natasa.
They include: its capital structure; the specific terms of all of its debt documents (not just the agreements governing the debt to be exchanged); its projected performance and the ability to comply with the terms of the exchanged debt; and its other outstanding debt and the nature and mix of its bondholders
All parties can agree that bankruptcy is not a preferred option for GM," advisers to the GM bondholders
said in an unusual statement.
France and elsewhere around the world more than 70 years ago (worth billions today), refused to pay and have been trying to avoid having to honor their obligations since the end of World War II," said Ed Fagan, bondholder
and lawyer involved with the cases.
MyTravel also said it would no longer seek the court's ruling on whether bondholders
had an economic interest in the company and as such were not entitled to have a say in the restructuring.
The trust in charge of liquidating the co-op's assets is demanding re-payment from any bondholders
paid within 90 days preceding the bankruptcy filing.