AIA have confirmed no distributions until 2022 at the earliest.
This is a condition of convenant waivers.
Would be ditto for SYD if not more imo.
Banks and bondholders would probably request a cash sweep as well post the recap.
AIA had 2.4 bil (1.2 bil post cap raise) debt..... SYD has an astonishing 8.5 bil
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