Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
How? and who will buy those bonds?
NATO has spoken. There will be no sWIft payments, yo.
by Cat on Sun Feb 27th, 2022 at 08:54:16 PM EST
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A cheque? slower than SWIFT
or a shipment of bullion?

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Sun Feb 27th, 2022 at 10:33:30 PM EST
[ Parent ]
"The value of the stake was estimated at $14bn (£10.4bn) at the end of last year. It is unclear who BP would sell it to."

alrighty then. Between Guardian's bleeding charity features and NY Post's "kremligarch"* silent auction of 19th-century tycoon mansions, I suspect that arms-length disposal of the WWII.000348 booty will be a tall order.

lemme tink... AHA!

  1. return of Bad Bank! custody of toxic assets;
  2. bundle into a REIT whose sole beneficiary is NATO;
  3. select trustee from ECB/FecNY primary dealers

* according to sources with knowledge of the matter, an oligarch who is not independent but may be linked to legit money-laundering by western industrialists
by Cat on Mon Feb 28th, 2022 at 12:11:56 AM EST
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Anyone Selling Russian Assets Faces Few Options, Big Losses
, 28 Feb
Accelerated Offering?
Big investors and corporate shareholders often opt to sell a chunk of shares in an accelerated placement after markets close. These transactions are typically underwritten by banks, who buy the stake and offer it on the open market and take on the risk of the disposal.
Wholesale Buyers?
the crippling international sanctions are making Russian assets financially unattractive, even at steep discounts, meaning that Chinese investors may not want to risk the political headache
Daring Fund Managers?
"Institutional buyers, especially with ESG or sanction-related restrictions likely won't be able to buy and have no intention to do so"... There may be some buyers from small hedge funds or family offices, where time horizons are long enough
Russian Buyers?
Stock trading on the [Russian] bourse was canceled... This means buying global depositary receipts of Russian stocks being traded on exchanges such as [NYSE, LSE, NASDQ] has also become prohibitively expensive for Moscow-based portfolio managers
Take the L
"For now, a very hefty writedown is likely to remain the main course of action"
by Cat on Tue Mar 1st, 2022 at 02:43:57 AM EST
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