I want to see more details about it, but I don't think this is a bailout like we've seen in the past.
They're not bailing out the business per-se... but will be interesting to see what the terms are.
The bank holds a bunch of bonds, and if you hold those to maturity you get all of the capital back... you're just missing out on the additional 2-3% APR since rates are steadily climbing. But you're not losing on principal.
itsLiran / Liran Cohen
npub148…kk9ay
2023-03-13 02:20:05
in reply to nevent1q…lkpv
Author Public Key
npub148jmlutaa49y5wl5mcll003ftj59v79vf7wuv3apcwpf75hx22vs7kk9ayPublished at
2023-03-13 02:20:05Event JSON
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