Monday, Jul 06, 2020

5,271,100,000 pounds of outstanding debt as of 31-Dec-2019

Yahoo Finance: Intu properties plc Balance Sheet

The biggest figure is 4,585,600,000 (4.5 Billion) of long term debt. Any ideas who is holding this debt and not getting paid?

Posted by deepak @ 09:40 PM (1065 views)
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2 Comments

1. jack c said...

"Any ideas who is holding this debt and not getting paid?" - My understanding is that 7 Banks in total are providing a revolving credit facility (overdraft if you like) and the majority of the debt will likely be held by hedge funds, high yield bond funds and possibly some Debt Strategies Funds. Equity holders wiped out and the rest take a hair cut seems the only option.

Tuesday, July 7, 2020 04:01PM Report Comment
 

2. libertas said...

Repayment is not relevant. Its used as collateral and pension funds are required to hold government bonds as a percentage of their assets to operate. This is government dragging our pensions down with them.

Wednesday, July 8, 2020 09:02PM Report Comment
 

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