I would expect some big names to eventually come in and swoop these up, as claims trading is quite the rare opportunity. Goldman Sachs is already a name that is being brought up, but don't be surprised to see others step in as well.
The write-down of AT1s may look bad on paper but this is all part of the process now that we're at this stage. The way I see it, the elimination of risk as the bonds switch hands is a net positive thing from hereon.
