Bond Goes into Administration - Multi-Million ££ Loans on AC

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ilmoro
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Bond Goes into Administration - Multi-Million ££ Loans on AC Apr 26, 2020 17:21:43 GMT p2pfan likes this

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Post by ilmoro on Apr 26, 2020 17:21:43 GMT

Further digging … the bonds are supposed to secured by debentures over the individual SPV in favour of the security trustee. There is a debenture over one of the AC borrowers (#1117) but cant see one over the other (#1116). There is some evidence that loans to the SPV have priority to the bondholders

Minor shareholder in AC, BO, FO, CP, WA, Pfi, Ccube, Sdrs, AE, ABL. AC beta test. LAG, MTAG, FSAG

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