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Title: The Fed Is Now The Proud Owner Of Bankrupt Hertz Bonds
Source:
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URL Source: https://www.zerohedge.com/markets/f ... oud-owner-bankrupt-hertz-bonds
Published: May 24, 2020
Author: Tyler Durden
Post Date: 2020-05-24 21:34:54 by Horse
Keywords: None
Views: 79
As of this moment, the Fed is an holder, via BlackRock and via HYG and JNK, of bonds which are in default, and which make the Fed a part of the Hertz post-petition equity once it emerges from bankruptcy.
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