Hedge Fund News From HedgeCo.Net

Hedge funds to negotiate hard with the Co-op

City AM – The CO-OP Bank is preparing for a showdown with distressed debt investors as hedge funds build up major stakes in the troubled lender’s bonds, it emerged over the weekend.

Junior bondholders will see their holdings written down as part of the bank’s plan to plug a £1.5bn capital hole, with roughly one-third of that coming from investors.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply