It is indeed curious. If the amount to be paid to BNB is due now and it is not paid then BBIPL would appear to be trading insolvently.
Maybe the argument is that it is not actually due now i.e. the loan is there but the liability does not need to be repaid.
It would be nice to see the actual terms of the loan agreement.
BNB
babcock & brown limited
trading insolvent implications for noteholders, page-2
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)