FMG 4.11% $17.97 fortescue ltd

Debt to equity, page-2

  1. 3,510 Posts.
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    I understood the $2.5b was to refinance existing debt at a lower rate with extended repayment dates stretched out to 2021 and that the overall debt would remain the same at US$8.9b.

    On top of that they are expecting interest costs to reduce.

    Have I misread the announcement??
 
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