TIM 0.00% 4.4¢ timbercorp limited

bonds

  1. 1,975 Posts.
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    I am a Timbercorp 2004 Finance Bond (Class B) holder.
    Yesterday I went into Timbercorp website and read the following: Liquidators of Timbercorp confirm that there are insufficient funds to pay interest payments due on 30/9 to the bond holders and it will not be possible to repay the bonds by the 31/3/2010. Does it mean that we are finished and there will be no payment whatsoever??? I was hoping that the holders will get something back. Bloody terrible - that is all I can say. Happy to be corrected.
 
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Currently unlisted public company.

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