BNB babcock & brown limited

>The announcement states that "No interest accrues", which...

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    08/02/09
    09:51
    Post #: 4773057
    >The announcement states that "No interest accrues", which suggests that there is no compounding component on the $2.12 billion.

    No, it only suggests there is no compounding interest.

    The "restructuring fee" is not interest.

    I hope you are right - at the moment it smacks of refinancing BBIPL at, effectively, "credit card" interest rates.
    BNB Price at posting: 32.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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