cba sells debt for 56c in the dollar, page-10

Nursery,

"Screwing" Centro is not the only way they can profit from the discounted debt acquisition.

1) They can also see an improvement in asset values coming and be willing to take on the risk to get a great return.

2) Centro are paying their interest payments so the debt at a discount offers a nice yield.

3) The debt they buy at the reduction also puts the gearing they incur at a better rate on that debt.

No money of this size and type is going to take on this level of risk without any major returns.