This is part of the post that i started under a seperate thread. It seems from numerous posts that bnbg holders can stuff the bankers through administration, the ann seems to refute this? Can anyone explain the differing opinions or are posters talking through emotion only?
"In the absence of the restructuring of the subordinated notes taking place it is likely that Babcock & Brown Limited, the listed entity, will be placed in administration within the coming weeks. If that occurs, it is also likely that the shares of Babcock & Brown Limited will be delisted from the ASX. An administration of Babcock & Brown Limited, if that occurs, will not affect the solvency of Babcock & Brown International Pty Ltd, the primary operating company in the Babcock & Brown Group and borrower of the corporate debt. It
will continue to operate and implement the revised business plan, including the asset sale program as outlined."
BNB
babcock & brown limited
can anyone post a repayment notice template, page-13
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