afr articles, page-5

I warn you guys sometimes ago when they cleverly sneeze out they breach banking convenants and I said do you guys realise how serious it in corporate world but not much discussion on that....

Breaching debt covenants is a serious matter doesnt matter how it is trigger because to bankers that a risk they cant afford to have....

Bankers #1 priority is the safety of their capital.....they have these rules in so they come with less damage or no damage...as soon as it breaches they have to be in control and written in lending comtract allow them to do so....