BNB babcock & brown limited

trading insolvent implications for noteholders, page-2

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    806 Posts.
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    07/07/09
    13:25
    Post #: 5364736
    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 Price at posting: 0.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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