My point was that of the 6.634bn of debt due for maturity on 30th April, the MCS portion has been refinanced. This is the 'chipping away' at the total debt comment I made.
And yes I agree with you and that's all very well for the syndicates and it may have some sort of flow on goodwill for CNP but it doesn't have a direct bearing.
If CNP disappears the syndicates will carry on with new management. Life will be less comfortable for them though because they will have receivers monstering them trying to claw back CNP's share of their assets.
CNP Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
