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clock Created with Sketch. 23/04/20
20:36
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Originally posted by psi81
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S&P still estimating recovery of senior unsecured debt as 10-30%. It doesn't specifically mention VAHHA, just the other wholesale notes, but in the prospectus it's stated that VAHHA is ranked equally to those, so VAHHA holders can probably expect a 70-90% loss.
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Don't know how VAHHA bonds rank with senior unsecured debt without the senior bond holders approving or even informed, but it does seem so from the VAHHA prospectus.
