Chacabear, these notes are unsecured/sub-ordinated/FRN's with a cumulative coupon...they stand a chance of being in the queue but with them trading at 5c in the $1.00 the market is telling you not to expect to much if anything.
Similar beast to th AFGHA's which I was stupid enough to buy and I've mentally written off
Best of luck anyway
BNB
babcock & brown limited
