Tran, they will issue and they will get it filled. Have a look at RIO.
Problem with you guys is that you simply don't understand the risks. You bought subordinated debt which was guaranteed essentially by a service entity to the company issuing the debt. In my view, a useless covenant. Management contracts?? What are they?? What use are they if the entity being serviced is against the wall refusing to pay??!!
Why don't they offer the banks 0.1c for the debt? Because the banks have used your money, my money and other peoples' money to lend. It's what banks do. So next time you go and withdraw your hard earned from a whole in the wall, thank the bank you get it from for insisting on its security on one of its deals that went south.
You guys certainly know how to bang on and on. Instead of focusing on the noise going on and blaming this that and the other for the company's mistakes, drill down to basics of investment.
BNB
babcock & brown limited
Tran, they will issue and they will get it filled. Have a look...
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