bnbg, page-3

the bnbg bonds have a provision to have the interest stopped but for it to accumulate at the interest rate + 2%. seeings how next payment wasn't until may - thats not going to do any damage to holders given that bnb might not survive till then anyway. if holders are asked to convert at a lesser rate to equities then that is something different. anyhow seeings how they can stop interest payments on the notes, i think that deals with the issue for the time being and won't hear more about it for awhile (if they survive)