Sparcs bond prices creeping up. BBN010 (sparcs) last sale at...

Sparcs bond prices creeping up. BBN010 (sparcs) last sale at 175% which equates to a price in excess of 60c. This demonstrates that bond purchasers expect the company to survive beyond November 2009 AND either to be redeemed in cash or equivalent numbers of saleable BBI shares.
BBN020 (Secured BBI bonds in NZ) are also creeping up, but slowly. Both represent excellent dividend/interest returns at these levels, BBN010- effective 15% paid quarterly and BBN020 effective 18% paid six monthly. There is also the premium to be expected upon conversion or redemption. For BBIophiles, analysis worth obesrving for your portfolio.