BNB babcock & brown limited

bnb equity for debt swap implication for bnbg, page-5

  1. DONACO88
    4,427 Posts.
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    30/12/08
    18:20
    Post #: 4645331
    you mean to say $50 per notes?

    that's 50% discount.

    Why would the bank get their debt swapped for 100% and noteholders get our debt swap for 50%

    regardless. $50 swap is still good considering that the notes are selling for $2.70 at the moment.

    In any case, i think shareholders will be heavily diluted. noteholders will come out winning.
    BNB Price at posting: 15.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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