Frequently Asked Questions

Please click on the questions below to view answers

What is the status of the Initial Consideration Bonds following the Issuance of Programme Bonds?
Will the Programme Bonds pay interest to Bondholders?
Will the Programme Bonds be Tax exempt?
Are there any provisions for Seniority/ Subordination with respect to the Bonds to be issued?
How does AMCON propose to redeem the Bonds at maturity?
Are the Bonds guaranteed?
Can title to the Bonds be transferred prior to the maturity date?
How will the bonds be redeemed?
Will assets passed on to subsidiaries be considered as margin loans?
What is the background to the proposed Issuance Programme?
How will the Programme be structured?
What is the purpose of the Programme?
What is the size of the proposed Debt Issuance Programme?
How will the Issuance Programme be sequenced?
What is the minimum level of subscription to the Programme Bonds? In what Currency will the Bonds be denominated?
What groups of individuals/ institutions are eligible to subscribe to the Programme?
In what form will the Bonds be issued to Bondholders?
Can the instruments (bonds) used in exchange of Assets be subject of repos. And if so, can it be transferable i.e. sold.
What collateral will be accepted by AMCON?
Can banks transfer my non-performing loan to AMCON without my consent?
After the sale of the NPL, will the banks still have any obligations in relation to the NPLs? Will the banks be paid for these obligations?
Will there be any liability for wrong values ascribed to NPLs by the EFIs?
What are the sources of liquidity for the consideration bonds
Can the initial bonds be traded?
How does AMCON value intangible collateral and judgment debt?
Does AMCON recover loans? If so, how will it be done?
Will AMCON service the NPLs on purchase or will it use a servicer?
Will the same valuation method be applied to both intervened banks and regular Banks?
How will AMCON’s purchases of NPLs and recapitalization be funded.
How will valuation be done?
As a debtor , what happens when my loan gets transferred to AMCON?
What is the timeline for acquiring NPLs? Will it be done all at the same time or phased.
What the classification is of loans not fully collaterised.
What is the status of the Initial Consideration Bonds following the Issuance of Programme Bonds?
Will the Programme Bonds pay interest to Bondholders?
Will the Programme Bonds be Tax exempt?
Are there any provisions for Seniority/ Subordination with respect to the Bonds to be issued?
How does AMCON propose to redeem the Bonds at maturity?
Are the Bonds guaranteed?
Can title to the Bonds be transferred prior to the maturity date?
How will the bonds be redeemed?
Will assets passed on to subsidiaries be considered as margin loans?
What is the background to the proposed Issuance Programme?
How will the Programme be structured?
What is the purpose of the Programme?
What is the size of the proposed Debt Issuance Programme?
How will the Issuance Programme be sequenced?
What is the minimum level of subscription to the Programme Bonds? In what Currency will the Bonds be denominated?
What groups of individuals/ institutions are eligible to subscribe to the Programme?
In what form will the Bonds be issued to Bondholders?
Can the instruments (bonds) used in exchange of Assets be subject of repos. And if so, can it be transferable i.e. sold.
What collateral will be accepted by AMCON?
Can banks transfer my non-performing loan to AMCON without my consent?
After the sale of the NPL, will the banks still have any obligations in relation to the NPLs? Will the banks be paid for these obligations?
Will there be any liability for wrong values ascribed to NPLs by the EFIs?
What are the sources of liquidity for the consideration bonds
Can the initial bonds be traded?
How does AMCON value intangible collateral and judgment debt?
Does AMCON recover loans? If so, how will it be done?
Will AMCON service the NPLs on purchase or will it use a servicer?
Will the same valuation method be applied to both intervened banks and regular Banks?
How will AMCON’s purchases of NPLs and recapitalization be funded.
How will valuation be done?
As a debtor , what happens when my loan gets transferred to AMCON?
What is the timeline for acquiring NPLs? Will it be done all at the same time or phased.
What the classification is of loans not fully collaterised.
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