Monday, August 24, 2009

Ooohhh... Santander unveils €16bn bond buy-back!

Santander unveils €16bn bond buy-back...

How I wish ABK would do the same. If they bought their bonds back on the secondary market now at a fraction of the face value, they'd be able to offset a lot of their liabilities and boost up their balance sheet. Or maybe it won't work since they're so short on cash?

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