Comment on IMANI Alert: A Better Idea Than GAT to Recapitalise the Indigenous Banks by Daniel Boateng

In From Other Parts by Michael Rae

The bonds being held by these banks were financed with customer deposits so you cannot just convert those to equity just like that. There would be a mismatch. So the swap would be deposits for equity not bonds for equity, you would need depositors consent. Even if they were financed

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