Ireland and Denmark bring senior haircuts to the fore
Haircuts for senior debt holders across Europe are looking increasingly likely, after Anglo Irish Bank and Irish Nationwide Building Society were both ordered to auction their deposits and assets, and the Danish Financial Stability Company announced it will take over Amagerbanken, imposing a haircut on senior bonds. Turn to EuroWeek on Friday for an analysis of what this means for the senior unsecured bank finance market, as well as analysis of the week’s new issues.
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