BNB babcock & brown limited

one of the issues in my mind is: are our notes only subordinate...

  1. StatsMan
    1,600 Posts.
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    19/02/09
    14:28
    Post #: 4815588
    one of the issues in my mind is: are our notes only subordinate to the banks debt in the event of administration? or do our exit notice claims remain subordinate even if BBIPL is solvent? BNB clearly think so, but is this really the case? Has anyone received any legal opinion regarding this?
    BNB Price at posting: 32.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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