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Anybody understand banks' tier two" or "hybrid debt" ?
eeja
Posts: 374 Forumite
Does this include the long/undated corporate bonds of banks such as Barclays , Standard Chartered and HSBC ?
The financial press is talking about tier two" or "hybrid debt" being bought up compulsararily at 50 or 60 percent of is face value in the case of the part nationalised banks. Is this not expropriation ?
Some investors paid 80 or 90 for these corporate bonds from brokers only months ago .
The financial press is talking about tier two" or "hybrid debt" being bought up compulsararily at 50 or 60 percent of is face value in the case of the part nationalised banks. Is this not expropriation ?
Some investors paid 80 or 90 for these corporate bonds from brokers only months ago .
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