what is beppa, page-2

pays interest quarterly at 1.15% over bank bill rate based on face value of $1.00 per beppa. In July 2012, you get $1.039 worth of bbi shares which you sell. Remote chance they pay out cashbut highly unlikley. As these beppa shares cost 24 cents today, rate of return on annualised basis is in excess of 115% PER ANNUM. I think this is better return than you can get on BBI but I could be wrong.

Added benefit is that BEPPA rank ahead of BBI in terms of security and dividend priority. so if you like BBI, BEPPA is better in my opinion.