Well that's just what the paper says. We just don't know. If CBA was "holding out" for a better deal on a measly 160 million then I wouldn't worry about it. The other 1 thousand lenders would take that on. It wouldn't make sense to have the house of cards collapse after all this time due to 160 mill. They dot a liquidity facility of this much alone at the last extension.
If that is the hold up then maybe they are just re-structuring CBA's unsecured position.....
Like I said, we just don't know. And if I don't know and you don't know and the Red Hearts don't know, then the SMH/AGE/AFR sure as heck don't know either.
CNP Price at posting:
8.7¢ Sentiment: None Disclosure: Held