So according to the latest B&B news on bloomberg, there may be a Debt for Equity swap, which would see the banks take perpetual notes and reduce the debt of the headstock quite considerably down to AUD1.4 billion from AUD 3.3 billion. Surely this is good news for BNBG holders. If the deal goes through, the company is much more likely to survive, therefore the notes are more likely to return to $100+ sometime in the future (I'm talking years here). 2015, which is the maturity date of the notes is still a long way off, so we might expect that for a number of years our payments are deferred and interest continues to compound. For those who weren't planning to make a quick buck here, the BNBG notes may turn out to be a good longer term investment. I don't expect the notes to rally if a positive announcement is made, so might this be a good opportunity to top up?
- Forums
- ASX - By Stock
- BNB
- bnbg - looking to the future...
BNB
babcock & brown limited
bnbg - looking to the future...
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Currently unlisted public company.
The Watchlist
P.HOTC
HotCopper
Frazer Bourchier, Director, President and CEO
Frazer Bourchier
Director, President and CEO
SPONSORED BY The Market Online