Kaupthing Hf Winding-Up Committee swap debt for equity

  • sami
  • 10/10/08 31/05/09
  • a depositor
  • Offline
Posted: Sun, 28/11/2010 - 12:57

I see there is some news on Bloomberg as follows:

"Creditors of failed Icelandic lender Kaupthing Bank hf may get their claims settled in about a year as the bank’s winding-up committee looks into the option of swapping debt for equity."

Whilst I know some of us have been written to by Kaupthing Hf to say that they will not honour their debt to us, does this mean that KSF IOM in Liquidation will benefit from it?

http://www.bloomberg.com/news/2010-11-25/kaupthing-creditors-madoff-a-te...

Best wishes to all, by the way, as I haven't been on this site for a long time. I just read the e-mail digest and continually hope for everyone the best of luck with our endeavours.

5
Your rating: None Average: 5 (5 votes)