Subordinated bondholders in Spain may get clipped

Taking a cue from what Ireland did in its bank bailout, BN is reporting that Spain is looking into clipping subordinated bank bondholders and equity holders too in order to lower the amount of new equity that needs to be injected. From a rip the band aid off/debt restructuring perspective this is some progress but senior bank bondholders will get bailed out again.

Print Friendly, PDF & Email

What's been said:

Discussions found on the web:

Posted Under

Uncategorized