MBIA plans to spin off Zohar risk to note holders as CLO nears maturity

Tuesday, November 29, 2016

MBIA has come up with a plan that, it hopes, will allow it to make good its insurance policy on $770 million of notes of Zohar II

TAGS: Distressed debt

Comment by: Anonymous. Posted 7 years ago [2016-11-29 17:55:50]

Wow, I hadn't realized that MBIA was so close to the edge (again). Zohar's a killer. I stopped paying attention to the monolines years ago, but I see the drama is still there!

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