@anticyclical agree with your $650m figure but note it is total, not net debt. Net debt at June 30 at balance date was $531.2m The $84.5m includes refinancing of around $5m and the cost of breaking interest rates swaps was around $43m (one off). Actual interest expense was $32.9. Ballpark interest rate on closing balance probably closer to 6%, certainly not 13%.
Hope this helps clarify. Nonetheless, gearing is still high.
News: IFN Infigen Energy Says February Production Generated From Owned Assets 149 Gwh, page-16
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