BNB babcock & brown limited

[hchtml]>does anyone have any idea of the overall decline in NTA...

  1. 315 Posts.
    >does anyone have any idea of the overall decline in NTA of BNB?

    Business Spectator has done a good job of characterising the quantum of debt conversion:

    [quote=Business Spectator]
    In order to create a sustainable situation, Babcock & Brown's bankers are probably looking at converting into equity at least a third and possibly half their $3.1 billion in debt.

    http://www.businessspectator.com.au/bs.nsf/Article/Babcock-follows-Centros-lead-$pd20090108-N3RRE?OpenDocument&src=srch
 
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Currently unlisted public company.

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