BNB babcock & brown limited

What i mean is that if they do not have the power to change the...

  1. Balto
    263 Posts.
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    15/01/09
    11:59
    Post #: 4694243
    What i mean is that if they do not have the power to change the terms or negotiate with the bondholders would they want to pay them out now or would they leave them there for the time being?

    If they leave them there then by converting to equity they would be moving part of their debt to behind the notes in the pecking order i would have thought?
    BNB Price at posting: 32.5¢ Sentiment: Hold Disclosure: Held
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