BNB babcock & brown limited

if this sucker falls it will drag down ....

  1. 14,018 Posts.
    lightbulb Created with Sketch. 56
    a lot of banks

    BNB has $3,500 m of debt

    does anyone have any idea how many million each bank is exposed to this dog

    $500 m?

    $600m?

    $1 bn?

    at the moment bnb only has a one in ten chance of surviving

    BNBG is $14

    you can redeem your $100 in 2015 i think

    so the market thinks there is a 14/100 or a 14% chance of getting your money.

    Also bear in mind debt get paid before equity should the company be wound up and all the assets sold off.
 
watchlist Created with Sketch. Add BNB (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.