Ann: Update on Forecast 2008 Final Result , page-43

i think $2.8b in corporate debt will be swapped for equity and $6.4b recourse debt secured with individual assets will be left as is.
currently bnb has around 600m shares, let say 2.8b is converted to equity at 25c then there will be another 11.2b shares issued giving a total number of shares on issue of 11.8b