Wealthy,Beppa has a fixed $1 face value and pays interest at...

Wealthy,

Beppa has a fixed $1 face value and pays interest at BBSW plus a margin of just over 1% on the $1. In 2012 Beppa can be converted to shares at the share price then less a small discount or redeemed in cash.

The main advantage of Beppa at the momment is that it cannot be diluted like the BBI ordinary security. Also beppa's interest payment are cumulative, with 3cents already accrued. An ordinary dividend can not be paid until Beppa payments are made.

This is only brief. You should read the Beppa deed on the BBI website.

Cheers