sparcs, page-24

Dargie wrote:
Well yes, because the banks who lent them the money want it back.

I disagree on this one dargie, evidentially money is freeing up as time wears on and various stimulus packages start to take effect, banks may well want some of this money back on their books to loan to more worthy Co's, but while BBI is servicing the interest and at higher return than they would get from more highly rated Co's I believe the banks would not want all the BBI debt repaid.
IE: A bank loaning $500m to BHP or similar will get a 200bp decrease in return on this money...so better to leave BBI paying them the higher return while they can get it.