re: Ann: Establishment of Multicurrency Debt ... Their will be debt on the interest to pay which has some effect on profit but the weigh off is still in their advantage a great deal.
I am also watching EBIT rates, some commentators are saying they are jumping but so far GEM made the Sterling one at a higher rate and has since reverted back to 4.
Ann: Establishment of Multicurrency Debt Issuance, page-29
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