Washington mutual perpetual bonds(cayman) 7.5 % are worth anything ?

Posted in the Washington Mutual Finance Forum

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1 - 2 of 2 Comments Last updated Jun 1, 2012
Jack

Montevideo, Uruguay

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#1
Jun 26, 2009
 
Washington mutual perpetual bonds(cayman) 7.5 % are worth anything or should I dump them ?
I see that other bonds (like WaMu 2017) have recovered some worth...but Wamu perpetual (2049)(Cayman) are worth nothing . Should I sell them for some pennies? Or should I wait ?
zeith

Singapore, Singapore

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#2
Jun 1, 2012
 
If your holding' ISIN number is USG9463GAA60, it is not a bond at all, it is a preferred equity, from 7 ammended plan of US bankruptcy court, bond claim 100%. prefered equity claim is very little with 19.8 new company share per USD 1000. If the salesman sell you the product as a bond, then it is a fraudulent conduct, as you are conned.

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