d****r
发帖数: 48 | 1 Some time in March, RBS exchanged T1 and UT2 securities for senior unsecured
bonds and cash at exchange prices between $35 and $65, materially above pre
-announcement levels. From Barcap research, this exchange could increase the
tangible common equity of the bank. But WHY? As I know, T1 is part of
tangible common equity and got reduced in this transaction. Anyone can help
me understand this transaction? Thanks! | d****r
发帖数: 48 | 2 呵呵，看来俺的问题真是无人问津呀，可是这是实际做投资或Advisory都会问到的
Corporate Finance问题呀... :-( |
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