Basically it's like this:
Either the BNBG holders do nothing in which case:
The management will sell the business down and pay off the bankers leaving nothing to noteholders or
The BNBG holders send BNB into admin in which case:
The administrators will sell the business down and pay off the bankers leaving nothing to noteholders.
BNB
babcock & brown limited
can anyone post a repayment notice template, page-21
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