WICET

Interesting AFR article (9th July) speculating on the future of WICET and it's syndicated debt facilities. For BND shareholders the last section is interesting:
"There are already a few cracks. Sources said a handful of preference shareholders – including Bandanna, Aquila and Cockatoo – have already sold out. Then there are the 25-odd banks who have stumped up some $3 billion and infrastructure funds like IFM who are in the $500 subordinated debt."

Not sure if this is confirmed or just speculation. It would make sense for BND to simplify its financial position given the uncertainty of its own funding and position regarding coal project.