can ozl do a bnb, page-5

BNB may be back on but they have been seriously bent over a barrel.

Their costs are BBSW + 600bps.....not exactly a cheap source of funding.

There is no chance whatsoever this will rise 100% when it relists like BNB has today.

Whilst BNB is swimming in debt they have excellent assets.

Pretty hard for OZL to dispose of assets when the cycle is not even at the trough yet.

I would imagine that funding costs for the refinanced facilities will be exhorbitant to OZL but not at the same level.