if BBI recover to 25c, holders get their $1.
50c in 2012 + 2*25c(bbi).
its basically your proposal, afterall Beppa is a loan, and you plan to issue more loan hybrids.
a 50c Beppa will save BBI interest payments.
could work.
if BBI recover to 25c, holders get their $1. 50c in 2012 +...
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