Thomas Cook collapse to leave bondholders almost empty-handed
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Thomas Cook collapse to leave bondholders almost empty-handed

Thomas Cook

UK tour operator Thomas Cook’s default could come close to annihilating the bondholders’ positions, leaving them only with a few cents on the euro, the liquidation analysis shows. The 178-year-old company tried feverishly to secure a £1.1bn rescue package over the weekend but collapsed on Monday.

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