
First Class Food Fomo
Slate Money
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Is This a Special One Off?
This is actually the third such deal. Each of these is a huge amount of work and really custom made for that particular country. In belis, for instance, had much weaker credit so it didn't make sense for t n c or the i d b to just come in with broad guarantees on the debt. So they had to do a bunch of very weird, trady stuff in belies. On the other hand, because bellieves wasn't much worse credit, believes managed to buy back its debt at 92 cents on the dollar,. but at 55 cents on i so it's interesting that there are different structures in different countries... It's a lot of work to put these things together
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