BNB babcock & brown limited

So what are BNBG holders likely to be offered is a restructuring...

  1. StatsMan
    1,600 Posts.
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    06/02/09
    19:12
    Post #: 4770586
    So what are BNBG holders likely to be offered is a restructuring of the subordinated notes? Surely the only option is a payout right? The shares are worthless and by the sounds of it any debt that is subordinate to 20%pa is never going to be repaid. So we BNBG holders are the ones with the power to decide whether or not the banks can have their sweet deal.
    BNB Price at posting: 32.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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