"10% interest is fine if you can service the loan - which from all indications BNB can."
they have suspended interest payments, now it is pay if you are able.
They are not able and have not been able to for the last few months.
Without this new debt they'd have breached their covenants.
Does this sound like a company able to service their debt?
BNB
babcock & brown limited
"10% interest is fine if you can service the loan - which from...
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