DanteAllemis
Nuovo forumer
WestLB Hybrid
Guys, I sold my WestLB hybrids. My guesses were wrong, they will post a bigger loss for 2009. Hybrids and upper tier 2 will be written down by 10%. No interest will accrue while they are written down. Also, the whole upper tier 2 has to be written up and deffered interest on upper tier2 must be paid up, until hte hybrids can be written up. I would expect no interest accrual until at least 30.06.2012. Also there is still much uncertainty about the future of WestLB.
Short: They have had a good run, but now I will liquidate most of my position.
Greeting
Dante
Guys, I sold my WestLB hybrids. My guesses were wrong, they will post a bigger loss for 2009. Hybrids and upper tier 2 will be written down by 10%. No interest will accrue while they are written down. Also, the whole upper tier 2 has to be written up and deffered interest on upper tier2 must be paid up, until hte hybrids can be written up. I would expect no interest accrual until at least 30.06.2012. Also there is still much uncertainty about the future of WestLB.
Short: They have had a good run, but now I will liquidate most of my position.
Greeting
Dante