Washington mutual perpetual bonds(cayman) 7.5 % are worth anything ?
Posted in the Washington Mutual Finance Forum
#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 ?
#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.
Add your comments below
|Missing W2 - Who do I contact? (Feb '09)||Feb '16||Mariah||16|
|American banks: From Whoo hoo to boo hoo (Sep '08)||Mar '14||Ameline||12|
|JPMorgan Chase, feds hit snag in part of $13B s... (Oct '13)||Nov '13||alignmywealth99||2|
|Should Kids Get Paid to go to School? (Oct '08)||Apr '12||BIG G||246|
|Washington Mutual Sues Its D&O Insurers, Seeks ... (Mar '12)||Mar '12||Shobo in Chaska||1|
|WaMu creditors to vote on bankruptcy plan (Jan '12)||Mar '12||Shobo in Chaska||4|
|Clarification: Washington Mutual-Bankruptcy story (Mar '12)||Mar '12||Shobo in Chaska||1|
Find what you want!
Search Washington Mutual Finance Forum Now
Copyright © 2017 Topix LLC