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0.00% $8.00 redbank energy limited

PWU the 450 is unsecured. There is 2.8 billion of secured debt...

  1. humbledove
    55 Posts.
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    19/09/10
    12:41
    Post #: 7215736
    PWU the 450 is unsecured. There is 2.8 billion of secured debt ahead of this . I don't believe the bankers and hedge funds are going to write off 1 billion of debt and be generous.

    According to AFR (p13) weekend edition:

    "TPG and its partners, Anchorage and the Future Find-backed Oaktree, have put forward a plan to restructure the company that involves lenders taking a combined $1 billion haircut..."
    AEJ Price at posting: 5.8¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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