BBI 0.00% $3.98 babcock & brown infrastructure group

chim chimney chim chimney....., page-18

  1. 4,510 Posts.
    If the coal terminal sells at a reasonable price, then this will be not only a large buyback on the BBN020 courtesy of the sweep, it will also generate an increase in SHF as they will be buying back at a discount and booking windfall gains. The BBN020's will continue to be bought back as long as the corporate facilities continue to get paid down until they are fully redeemed

    Once the BBN020's are fully paid out, the road block being put in place by the SPARCS bondholders stopping the prefs being serviced will mean the company will then get straight on to BBN019's double quick if they are to rescue the prefs situation.
 
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