Irish government could claim Barclays synthetic CMBS

Irish government could claim Barclays synthetic CMBS

Tom Brown

June 24, 2019 02:15 PM

barclays px230 — A woman uses an ATM machine at a branch of Barclays PLC in central London, Tuesday, Feb. 16, 2010. Barclays PLC on Tuesday reported a fourth quarter profit of 6.9 billion pounds ($10.8 billion), more than eight times larger than a year earlier, due to gains on the sale of its Global Investors unit to a private equity company. (AP Photo/Akira Suemori) | AKIRA SUEMORI/AP/Press Association Images

The issuer of the long-troubled synthetic CMBS Juno (Eclipse 2007–2) missed a deadline for submitting its 2017 financial statements and its annual return last Friday. This means it risks being struck off the register of Ireland’s companies and having its remaining assets transferred to the government.

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Tom Brown