Under the BNBG prospectus I think BNB can suspend the interest payments only as long as they don't divest a material asset or conduct a restructure of a significant kind.
Given the next interest payment on BNBG isn't due for another 6 months, I'm not sure what the logic would be in suspending those interest payments now...
Dream result is confirmation of the deal, payout of SocGen, $175m in debt and maybe $25m in converts to share in some upside.
Oh yeah, and a 500% rise in the share/ note price on relisting.
Dare to dream I reckon. Look at BBI!!!
BNB
babcock & brown limited
