bbn020

Dargie, I have relinquished my hold on BBN010, but I am intrigued by the position of the BBN020. If BBi does this deal and survives the bonds are a good earner for me and still under par value so have 20% coupon rate and a potential 25% revaluation before 2012. Not bad, but what if the shareholders of BBI fail to accept the deal, what does this mean for the banks, and then for BBN20 holders, wil the banks have to repay bondholders $1 per bond as they wind BBI up, an intriguing question, does anyone have an opinion.