Quote Originally Posted by NZSilver View Post
Thankyou grimy for the insights,

That's handy to know they usually pay them back, so you can in some ways think of it as a 6 year bond. Agree if they go under we will be in more trouble and that will be the least of our worries.

Again thanks for the response, much appreciated
I know it might be obvious to some, but note they also have a "dividend stopper" provision, so the bank can't pay a dividend to general equity holders before resuming payments on these. However they are not obliged to catch up on cumulative missed payments.