Wirecard debt that facilitated Softbank investment put up for auction

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 66%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Convertible bonds that were part of a complex transaction that allowed Japan's Softbank to buy a stake in now-collapsed payments company Wirecard ...

Convertible bonds that were part of a complex transaction that allowed Japan's Softbank to buy a stake in now-collapsed payments company Wirecard and then de-risk the transaction have been put up for sale in an auction.

In a process managed by Credit Suisse, bonds convertible into Wirecard debt with a nominal value of 900 million euros will be sold via an auction set to close on July 8, according to a document seen by Reuters.Many of Wirecard's creditors are eager to sell their exposure to the now-insolvent company, as police have raided the German firm's offices and its administrator has started selling its assets.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 6. in BE

Belgique Dernières Nouvelles, Belgique Actualités