How many has read Rafizi exposes on Felda ?

I know these solutions work . I was around in Indonesia during their last CRISES ( that Year 1998 where Suharto went down ) , and had dealings with conglomerate companies and Banks .
And this is the same RESTRUCTURING done with a lot of their big conglomerate Banks .
The above is just meant for Bondholders ------- they wont lose much except the immediate CASHFLOW since they still get Dividends on half yearly basis , and yes with increment every year or 2 years .
Similarly this was also applied in Indonesia amongst companies and their Bankers -------- repayment of interests only ( no deductions ) until such and such a time .

The issue of PN17 will never go away unless the Bondholders agree . And I think this is where most of the disagreements is .
I also know some wants this company to go down --- and that's really their objective ! Some may ask why ? If these people are not getting anything but just empty promises of say 5 to 10 years , most people will want the issue settled ( and if the fastest way is bankcruptcy , so be it and that even will take a few years )
Maybe Along these LINES -----------------
On the other hand I am hearing quite some agreements that they might support ----- no repayment of principal ( say similar 5 to 10 years ) but interest continue in UPWARD penalty clause over this period , and still similar clause of Bankcruptcy if dividends are not paid per half yearly .
Would this be an option ---------- as the company also do not have FUNDS in the next FORESEEABLE future to REPAY debts !
This means the company is only obligated to pay Dividends on a yearly basis !!
Just wondering why most of the O&G companies never though of this !

Nothing will change the PN17 , except whom you owe money --creditors .
Word in the street is NOT FAVOURABLE .
They are fed up !
I think you know what that means

I agree

I think they will have to go when the company goes bankcrupt !

I don't think so

Hazard a guess . Most bondholders are above 60 years old . I doubt they want to wait ( say 10 years for IMAGINARY RETURNS ) Better deal is CUT & KILL and hope the next 5 years see if any assets disposed can yield ANY RETURNS .

I know more than a few Bondholders , incl that Ravi in Singapore .
Definitely not good news .

Sounds good nonsense . I seriously DOUBT Bondholders will buy . Looking at the number of those that voted DOWN previous time .
It will be a miracle if it gets thru !