chim chimney chim chimney....., page-70

Although I think BBI has a good chance of survival, I dont think investing large amounts of capital in BBI/BEPPA is good for my sleeping patterns.

I am looking into BBN020 which seems to be safest bbi security in the market.

Few questions (and I assumed extreme worst case scenario)

* If BBI goes to liqudation, what is the likelyhood that bonds holders will be paid face value? i.e. is there enough value in complete firesale prices to repay the debt with a margin of safety

* Where can one find a PDS on this issue? I have been looking unsuccessfully for the past hour (e.g. powerco website etc) without success

* Is BBN020 secured against only powerco assets or entire pool of BBI assets?

* What is the most efficient method to purchase these? commsec international trade account charges $146USD for NZ stock trades... ouch

* Finally, in terms of dividends- would an australian holder be entitled to the full c.8.5% interest rate? or is there NZ franking credits etc involved?