Banks Pressed To Defer Hybrid-Securities Payments

14 Aug 2009

The European Commission is pressing banks that ask for bailout funds from their government to defer payment on hybrid securities as condition of receiving the money, CreditSights analysts said.

The European Commission is pressing banks that ask for bailout funds from their government to defer payment on hybrid securities as condition of receiving the money, CreditSights analysts said. The EC said last month state aid should not be used to pay coupons unless they are contractually required ...

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