Promissory note deal: how it might work

Glas Securities have put out a note this afternoon on how the promised restructuring of the promissory note might work. Read the details here.

27th March, 2012

Glas Securities have put out a note this afternoon on how the promised restructuring of the promissory note might work. The following is an extract which explains it step by step.

"The clear indication here is that the discussion on any Promissory Note restructuring is still ongoing but there is a degree of confidence that a solution (albeit most likely temporary in nature) would be in place prior to the end of March 2012 when...

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