BBI babcock & brown infrastructure group
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bbi eps structural seniority to corp debt, page-8

  1. Turncoat
    164 Posts.
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    08/10/09
    13:09
    Post #: 5749702
    BBI EPS is not an equity instrument.

    It is an unsecured obligation of BBI EPS ltd.

    As such its stands ahead of BBI's interest in BBI EPS ltd. [subject to undisclosed guarantees as smokyd has identified]

    BBI's equity interest in BBI EPS Ltd may be owned in due course (under a liquidation scenario) by the banks but it will remain junior to the unsecured BEPPA claim.
    BBI Price at posting: 5.3¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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