How to lose friends and alienate bondholders

10 May 2012

The radio silence surrounding the suspension in 3CIF bonds this week is a textbook case of How Not To Do Investor Relations.

The situation is not just difficult for investors who are used to being able to exit positions in liquid instruments at will. The speculation and rumour that is swilling round the market in the absence of fact is damaging for the borrower.

Having shut down communication, the bank ...

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