What I am prffering is that a D2E Swap of some kind (if that is what is on the table) is used to convert debt to equity. The BNBG notes represent a debt on the BNB book do they not?
If so, and this is paid out in a D2E swap then it's paid out at face value correct????
BNB
babcock & brown limited
here reply to enquiries to bnb, page-17
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