Remember, according to Swap's telephone conversation with BNB, they were planning to make an announcement or an offer for the BBSNs on the 17th or 18th of February. Those dates also fit with the announcement from BNB which suggested that the restructuring of the notes would be presented to noteholders in mid February. If the information is reliable, we should be expecting to hear something tomorrow or the next day. The nature of the restructure will define whether we as noteholders pursue BBIPL for our face value.
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BNB
babcock & brown limited
wednesday and thursday are d-day...
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