The whole problem with a CR is not that you can't do one but simply why would ordinary shareholders inject more capital to arguably just prop up the position of the hybrids? It would basically just be a freebie transfer of wealth from ordinaries to hybrids unless taking out the hybrid at a set price was part of the deal.
profit discussion, page-15
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)