Doubt lingers for ABC and D for debt

The Age, 12 Sep 2008, Colin Kruger

"But the longer-term problem for ABC is reconciling its reduced operations with $1.3 billion debt. About $850 million of this is owed to a banking syndicate including Australia's Big Four. The rest consists of convertible notes"

"The Singapore Government investment fund, Temasek, ABC's second-largest shareholder, would not be drawn on the latest controversy.

"We are a financial investor and are not involved in the operational aspects of the business," said head of corporate affairs Daliea Mohamad. "The company has its own independent management team and they are answerable to the board.""

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