BBG billabong international limited

Surely this could also be looked at through BOAML's eyes. 85c is...

  1. 184 Posts.
    Surely this could also be looked at through BOAML's eyes. 85c is a very good price for this debt and looks to me like a vote of confidence. They must surely anticipate getting their full $1.00 back to pay that price. I guess it could be argued that they are buying a seat at the table in a restructuring scenario, but again, 85c is a big price to pay.
 
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