BBI 0.00% $3.98 babcock & brown infrastructure group

hi melua

  1. 1,644 Posts.
    If you have the time,could you try and clarify something for me:

    On the 21/11/2008 you said

    "I bought some more at 2.8c. Forced selling from instos continues. Remember there are no share price covenants on any of BBI's debt."

    yet in the Australian article it appears they do have covenants:

    quote:
    "Those ratios would have to halve for BBI to be in breach of covenants, and that is an unlikely outcome given the individual price regulators would have to breach agreements to effect lower pricing."

    Cheers

 
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