RE:For information: BBD bonds at 19% Perfect time to gradually buy back all the $9.3B debt. Imagine if they could buy it back on average for 80 cents on the dollar? That would be $7.4B which ~ cash on hand at Dec 31 + asset sale proceeds + BT sale proceeds. Martel could sit back put his feet up and relax the rest of his tenure after that, he would be G*D. By the way, company debt buyback is unregulated, no disclosure required AFAIK.