Units may be offloaded at 40pc of their original market value
Wednesday August 04 2010
Nationalised lender Anglo Irish Bank looks set to sell off more than 230 apartments in New York after its successful foreclosure action against a leading developer in the city.
The bank is reported to be planning a "bulk sale'' of the apartments in September according to reports from New York.
The apartments (effectively condos) may have to be sold at just 40pc of their original market value. They are located at the Rector Square development in Battery Park City, at the southern tip of Manhattan.
interessant ist auch der letzte Absatz dieses Artikels:
"Anglo is awaiting a decision from the EU on whether it can become a so-called good bank/bad bank. This is expected to involve an amount of "burden sharing'', which means that bondholders in the bank could be expected to shoulder some of its losses. The bondholders in question are not likely to be those holding senior bonds in the company."
Der Absatz erklärt die derzeit tiefen Kurse der Anleihen. Sobald die Unklarheit gewichen ist dürften die Kurse deutlich anziehen, denn bei den LT2-Anleihen ist ein Ausfall im Prinzip nur bei einer Pleite möglich und rechtlich gibt es wohl keine Möglichkeit einer "Rasur". (Außer ein freiwilliger Umtausch/Verzicht von Anleihegläubigern)
