A STATE bank - which has already cost the taxpayer [euro]4billion - gifted bondholders
In Fitch's opinion, if bondholders
do not approve the company's plan to extend the maturity date, the risk of default enhances on condition that by that time Petrol does not unexpectedly secure funding for the notes repayment at the original maturity date.
In October, five bondholders
representing diverse nationalities became millionaires -- Mrs.
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.
aim to halt Tribune's exit from Chapter 11 protection under a plan they say will give ''all but a sliver'' of the publisher to the very banks they claim caused its demise.
"We urge The Administration to hear the voices of the thousands of GM "Main Street" bondholders
that have been ignored.
"All parties can agree that bankruptcy is not a preferred option for GM," advisers to the GM bondholders
said in an unusual statement.
Reportedly, this meeting was attended by bondholders
representing 93.13% of the total nominal value of the bonds.
Austin: Enhanced bondholder
protection provided by statutory lien provisions in Arizona and Rhode Island local government statutes has resulted in general obligation (GO) bond ratings two notches above the local governments' Issuer Default Ratings (IDR) in those states, according to Fitch Ratings.
VLL International sought consent from bondholders
to modify certain terms and conditions of the notes to align them with the term sheet of a new series of notes amounting to $350 million issued last November.
Under the bailout plan, the Korea Development Bank (KDB) and the Export-Import Bank of Korea (Eximbank) said they would provide a fresh 2.9 trillion won ($2.55 billion) loan if bondholders
agreed to the debt rescheduling plan the former asked for.
In an announcement made early Monday (11/28), iHeartCommunications said it hascommenced six separate consent solicitations, each seeking bondholder
approval of proposed amendments to each of the indentures governing the notes.