BNB babcock & brown limited

You're kidding? On what basis? The notes are unsecured. That...

  1. 46 Posts.
    You're kidding? On what basis? The notes are unsecured. That means you have bought something with NO security. The company's dead and if you don't dance to the tune to which you are being dictated, your company will be put into administration. Frankly, if I was working for an institution involved in trying to recover money I had lent to BNB, I'd wind it up and sell or manage the assets myself. My prediction is that noteholders will get 0 and get paid interest on an "as you can" basis. Sorry guys but them's the markets and that's the rub. Think of all the poor bank shareholders suffering because fools like these can't manage debt properly (!).
 
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Currently unlisted public company.

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