2010-10-01telegraph.co.uk

``Anglo junior debt is trading in a range of 23 to 25 cents in the euro and the investors are thought to be looking for a payout of 35 to 40 cents. However, the authorities are unwilling to offer a premium to the market price, according to a source close to the Irish government. The hedge funds in turn argue that the government has no legal right to force them to accept a haircut on the value of their holdings. ''


Lijit Search

Comments: Be the first to add a comment

add a comment | go to forum thread