reading all the guff again, if MNB stump up the cash and pay Bradesco the $50mill which they can do with $70-80mill in the bank, then the way I read it, there is no cross default trigger by the bond holders for the $395 million.
yes/no ???
each time the 1.3c bid gets sold down, who keeps stepping and going into the queue ??? do you see, what I see...
credit rating downgrade, page-174
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