Thanks for your explanation, however is it not the case that only the issuer ie Sirius Finance can cancel/repurchase the bonds within the 7 year period, not the bond holder? , otherwise if the SP does indeed rise as expected etc, (and yes the total value might indeed be greater than $ 638M, but that is a risk for the bond holder) what would be the point of issuing the bond other than a guaranteed return. The 7 year period is cast in stone for holding is it not?
I understand why they MIGHT have to move some of their operations to the EU depending on passporting rights, but we are a long way from that point and a show of support would have been welcome. And, please, not Paris, how predictable
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