Senior financial debt holders on alert for forced haircuts

Haircut horrors

Haircuts from hell: bondholders fear the chop

Ongoing concerns about the ability of Portugal, Spain and other peripheral European countries to sustain their public debt burdens in the coming months have meant there has been little respite from market volatility, despite the €85 billion rescue of Ireland in November.

However, for bondholders – especially Eurozone banks – there is recognition that they have enjoyed a narrow escape: radical proposals by Germany’s chancellor Angela Merkel to automatically haircut bondholders which could have de

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: