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Hi Swap,"Centro...has offered to allow at least $1 billion of...

  1. dreamcatcher1
    733 Posts.
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    15/12/08
    15:00
    Post #: 4606578
    Hi Swap,

    "Centro...has offered to allow at least $1 billion of the debt to EVENTUALLY convert into equity".

    I wonder how significant the word eventually is in that sentence?!

    Is that a hint that the negotiations involve a hybrid that converts to equity down the track, which presumably will allow the share price to recover in time and preserve some value for current holders?

    dc1
    CNP Price at posting: 8.7¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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