Bondholders given 10 days to appeal SNS Reaal sub haircuts
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Bondholders given 10 days to appeal SNS Reaal sub haircuts

Bondholders have 10 days to appeal against the Dutch government’s expropriation of SNS Reaal subordinated debt. As it stands, hybrid capital and sub debt sold by the firm’s banking entities looks set to be wiped out after the company was nationalised overnight.

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