BBP 0.00% 9.5¢ babcock & brown power

lates announcement"2.BNB as lender to BBPAs at 31 December 2008,...

  1. 238 Posts.
    lates announcement

    "2.
    BNB as lender to BBP
    As at 31 December 2008, BBP had approximately $381 million in drawn loans from subsidiaries of BBIPL maturing in March 2010. These loans are
    on commercial arms length terms with subsidiaries of BBIPL and there is no requirement to repay these loans upon the appointment of a Voluntary Administrator to BBL."

    does this mean they don't have to pay the loan to BNB ..??

 
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