BNB babcock & brown limited

well yes, 50% of the value.Why would the bondholders be offered...

  1. dargie
    4,510 Posts.
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    31/12/08
    07:50
    Post #: 4646149
    well yes, 50% of the value.

    Why would the bondholders be offered this? Because the implications of not accepting something like this would be bad. Bondholders should accept that a discount is inevitable. The bond price certainly reflects this.
    BNB Price at posting: 15.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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