statsman, take a look at the 2007 annual report.
they've got balance sheets for bnb, and consolidated.
bnb definately has assets as well as the subordinated debt.
i notice the 2008 interim results only give a consolidated balance sheet.
the prospectus of the notes clearly says that the notes are a liability of babcock and brown, not bbipl, so i'm simply asking what assets does bnb have?
imo this is vital for noteholders to know
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