If BNBG equity is currently nil
The the amount banks are willing to pay to BNBG holder to buy them out depend on.
how much fee will administrator gouge to admin BNB?
right to satellite (which would be worthless if BNB goes int admin)
assets discount, because selling at firesale price.
My guesstimate are that the fees amount to $200 - $300 millions. Hence it can be likely that the banks will throw 25 cents in the dollar to buy out BNBG holders
BNB
babcock & brown limited
If BNBG equity is currently nilThe the amount banks are willing...
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