bbi corporate debt schedule, page-7

happy easter all



- Melua,
10 months to come up with the money?

IMO - it is not as an attractive time period as you have painted. Sure - it is ample time if everything runs smoothly, but as we saw with the Powerco deal, a/ anything to do with govt regulatory approval is out of BBI's control, and b/ there are always "last minute surprises" by the purchaser - especially in todays aconomic climate.

If I were BBI, I would not play a game of chicken with the bankers and just get the sale out of the way - it is not worth trying to maximise the deal by utilising all of the 10 months