They are purchasing $NZ250,000 worth of BBN020 at about 45c in...

They are purchasing $NZ250,000 worth of BBN020 at about 45c in the dollar say 50c thus they are spending $NZ125,000 to buy back $250,000 worth of debt and saving $NZ20,000 in interest annually. Previuosly they bought back.

In April they bought back $NZ1.65 million worth of bonds at approximately 38-40c or around $NZ640,000 saving approximately $140,000 including $NZ70,000 due on May 31st 2009.

Not large sums but commercially sound.

There will still be around 149 million bonds at issue with a current value of around $56 millon and an interest payment due of $NZ12.5 million on November 30th 2009.

I hold BBI, BBN020,BBN010

I also owe Towie a bottle or two and am in Sydney and (un)happy to pay