bnbg

From the various news reports floating around it looks like BNBG (subordinate note) holders will now join shareholders in not getting paid. We had already seen that shareholder dividends had been put on hold, but BNBG holders were paid interest in November. Unfortunately though it sounds like BNBGers are next to miss out on payments as part of the negotiations with the banking syndicate.

http://www.bloomberg.com/apps/news?pid=20601081&sid=aPDo.FoWYwfo&refer=australia