at 13% they should have been of interest to creditors
most creditors took cash or WMIH stock or ? but not these notes whose only recourse is the runoff re insurance book of business
WMIH owed the LT money but as it had the notes left over it paid the LT with these notes
The LT tried to sell them as a mass and create cash and did not get a satisfactory bid
The LT paid part - part - of the PIERS LTI with these notes
I did think that all the SR paper was called and thus I think this partial call by WMIH (not the LT) is of JR notes at par and now trading about 90-97 cents on the dollar