Clifden tries stalling tactics, but RMAC called regardless
Clifden IOM No. 1, the fund which attempted an audacious raid on the reserve funds of several non-conforming UK RMBS bonds from the RMAC series, asked on Friday for the issuers and trustees to hold back a “reserve amount” from the redemption of the deals on Monday. But the bid failed, and the bonds will be redeemed as Paratus AMC wanted.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: