BBI 0.00% $3.98 babcock & brown infrastructure group

New Zealand would not have any problem with an Australian...

  1. 1,464 Posts.
    New Zealand would not have any problem with an Australian invasion, we get one each Winter for skiing.

    Sparcs holders are sitting over here grinning from ear to ear about the repayment in November 2009.

    We take the view that BBI (Powerco) borrowed $1 per bond from bondholders, agreed to pay 8% interest and repay the loan at a certain date.

    We are sorry that we are asking for repayment but it would seem churlish not to do so.

    Invasion will not stop redemption, in fact an act of war may even ensure instant repayment upon the first Australian troops getting off their NZ designed amphibians.

    If we see an Australian in uniform in NZ can we assume that sparcs willbe repaid immediately?
 
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