BNB babcock & brown limited

the bnbg bonds have a provision to have the interest stopped but...

  1. 2,020 Posts.
    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)
 
watchlist Created with Sketch. Add BNB (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.