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I want to make a withdrawal http://redtube.in.net/ redtibe Although the exact terms of the conversion will not be known until a circular is published in October, it is the one which is not proving popular with several bondholders. The value of the new instruments is not known. However, the PRA on Friday deferred the coupon payments on one tranche of the bonds. For the Co-op’s plan to succeed, 77pc of the value of the holders of the subordinated debt and preference shares must back the plan. For retired investors reliant on the bonds for income, the scheme is far from popular.
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