BEPPA trades in exactly the same way as BBI or any other share.
The difference is that BEPPA is a preference security where as BBI is just a normal equity security.
BEPPA has a face value ($1.00) and a guaranteed* rate of return on that face value (Market Rate + 1.15%).
In the event of BBI going bankrupt, BEPPA holders must be paid out in full (including any interest owing) before BBI holders will receive a cent as they rank ahead of equity holders.
Theoretically, BEPPA's upside is capped at ~$1.00, where as BBI can theoretically go to infinite. But as BBI rank below BEPPA and any accrued interest, BBI could be considered to be more risky.
This is not a recommendation to Buy or Sell either of BBI or BEPPA.
No financial advice given.
Do your own research.
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