@42trader When Pilbara minerals launched there bond note it was over subscribed within a matter of weeks...They announced just as we did 17 May 2017 They announced oversubscribed 13 June 2017 The settled 22 June 2017.
Different projects different regions but this is how quickly Nordic bond can move...
IMO with such a small amount where larger amounts are normally raised the fully subscribed could well be on our heels before we know it...IMO
With the AGM due 7.1A will also be available for companion debt/equity subject to the upcoming AGM and resolution being passed...I see no problem there while we have great unity from board level to T40 networks who also telegraph the importance out...With a slightly higher interest rate there should be a lot of interest in this bond note IMO...
Debt is not free carry but is preferred over issuing equity which cost current share holders for life... Not long now
DYOR this is not advice
Croc
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Ann: Launch of Proposed Senior Secured US$40m Loan Note Issue, page-257
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