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New equity issues also brought promise.
They lobbied government to be allowed to issue new equity.
The first of these is to raise new equity capital.
The company has no plans to issue new equity.
Fortis must raise €15 billion in new equity and €8 billion through asset sales; Santander needs to raise up to €10 billion in new equity.
The bridge loan from Youngman would be repaid with the new equity, Saab said.
"New equity in the market hasn't really created new opportunities, because they are lower quality".
Thus, the paper talks a lot about a quick turnover of new equity to old creditors.
Lenders got new equity and their toxic assets were popped into special, bond-financed vehicles.
The new equity culture remains provincial, patchy and opaque.Admittedly, there have been some spectacular successes.
This mix would change, with more shares being issued and new equity instruments being invented.
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