0 cents to the dollar - that would be terrible. I don't think anyone would take that would they? I would rather lose my cash than take something like that. the way I see it, the banks obviously think there is substantial value (to them) in keeping BNB alive. We as bondholders have control over whether they stay alive or not, so the offer had better be something serious in the way of monetary compensation, I would think that 20% of the monetary value to the banks of keeping BNB alive would be fair.
Ok, so it sounds like we need to get organised into a group of activist bondholders. Enumerate, I think you would be best to lead this thing. You can sign me up.
BNB
babcock & brown limited
