INBS and Anglo bondholders to take action to avoid losses
Reports were suggesting yesterday that international bondholders in INBS are to hold a conference call today to discuss their situation and talk about what actions they may take over any potential losses they suffer. It is understood that bondholders in Anglo are planning a similar move.
Although Finance Minister Brian Lenihan recently reiterated that the Government won’t impose losses on senior bondholders in either institution; scope for some sort of deal seemed to present itself last week.
