BNB babcock & brown limited

i think $2.8b in corporate debt will be swapped for equity and...

  1. malmanu
    16,285 Posts.
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    07/01/09
    21:35
    Post #: 4668367
    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
    BNB Price at posting: 32.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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