Standard Profil - comment

While, the market awaits the Independent Business Review from PwC on Standard Profil, which is due before the end of the month, the composition of holders continues to change. Shiprock Capital has now joined the ad-hoc bondholder Committee, joining existing members including Tresidor and Bluebay. The ad-hoc Committee reportedly holds c.60% of outstanding bonds which Houlihan Lokey and Milbank advise.