Virgin bond holders on the front foot

about 4 years in theaustralian

Virgin’s unsecured bond holders have about $11 trillion under management between them, and figure in this battle they are serving at 30-love in the game. It’s a bold claim from a group written off from day one, along with the shareholders, as having zero chance of getting more than a few cents in the dollar for their $2bn in unsecured debt.

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