BBI 0.00% $3.98 babcock & brown infrastructure group

Hey dargie, Not only do I get your point, but I think you need...

  1. 1,464 Posts.
    Hey dargie, Not only do I get your point, but I think you need to see tomorrow's market, the BBN010's are a huge return, particularly at the price I paid! The BBN020 sweep will continue and it is in BBI's interest to continue to purchase them because not only do they diminish their ultimate payout by half at this stage they also avoid paying what amounts to approximately 18% interest (on the buyback price) at this stage. The purchase of BBN010 will commence I would say immediately after any asset sale as the reduction in number of sparcs bonds assists the company's balance sheet, when purchased at a discount to face value.
 
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