TIM timbercorp limited
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finance bonds

  1. pargolf
    323 Posts.
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    17/04/09
    10:14
    Post #: 5021672
    I hold some class B finance bonds maturing on 31.3.2010(unlisted).
    I find it hard to follow the security position from the prospectus. The guarantor is Timbercorp Finance and security is by way of a fixed and floating charge over its loan book.
    There are clauses relating to covenants etc but some other clauses relating to removal of loans from the pool.
    Is anyone else in this position with an informed view on the security
    situation?
    Any info appreciated,
    Pargolf
    TIM Price at posting: 7.6¢ Sentiment: Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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Currently unlisted public company.

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