crazypabs Posted March 5, 2019 Share Posted March 5, 2019 https://uk.reuters.com/article/suncorp-bonds/australia-mortgage-defaults-trigger-repayment-limits-for-suncorp-bond-idUKL3N20S1EI So if defaults trigger something is this significant and is this good or bad for financial businesses? Quote Link to comment Share on other sites More sharing options...
Captain Kirk Posted March 6, 2019 Share Posted March 6, 2019 21 hours ago, crazypabs said: https://uk.reuters.com/article/suncorp-bonds/australia-mortgage-defaults-trigger-repayment-limits-for-suncorp-bond-idUKL3N20S1EI So if defaults trigger something is this significant and is this good or bad for financial businesses? It's a bad sign I would say. Didn't something similar occur with Santander? https://www.cnbc.com/2019/02/13/santanders-shock-bond-move-is-controversial-but-not-contagious-analysts-say.html I think Suncorp are still planning on paying out on all bonds at the moment but the mortgage defaults have triggered a prioritisation of payouts to upper class bonds over class B ones. May be worth keeping an eye on in case things deteriorate more. Quote Link to comment Share on other sites More sharing options...
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