BCS 0.00% 40.0¢ brisconnections unit trusts

Spooky181 - there is mention of the instalment nature of the...

  1. 959 Posts.
    Spooky181 - there is mention of the instalment nature of the securities on Commsec - Go to Company Info page and it shows:

    "Business Description
    BrisConnections Unit Trusts (BCSCA) has been awarded the concession to design, construct, operate, maintain and finance Airport Link in Brisbane, Queensland. BrisConnections will receive toll revenue under the Concession, with tolls escalating in line with Brisbane CPI. Stapled Units in BrisConnections Investment Trust and BrisConnections Unit Trust. IMPORTANT: The $3.00 Stapled Units are paid to $1.00 on application with two additional installments of $1.00 each due and payable on 29 April 2009 and 29 January 2010. These installments are legally binding and enforceable. "
 
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