BNB babcock & brown limited

d-day, page-4

  1. DONACO88
    4,427 Posts.
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    06/02/09
    08:48
    Post #: 4767279
    my guess is, 1/2 bank debt convert to perpetual notes. 1/2 debt convert to preferences shares. bnbg convert to preference shares at $100 face value.

    banks win, noteholders win.

    share holders get s-crew big time.
    BNB Price at posting: 32.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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