raeban, not sure what you mean. i bought the shares to get upside, in full realisation that if BNB defaults on debt i would get zero. i thought they'd pull through and they didn't
btw, i would suggest you make that assumption on all shares you invest in. given asset realisation values are always a fraction of norm in a distress scenario, getting any equity return post debt default would be unusual.
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BNB
babcock & brown limited
now i am completely confused, page-11
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