my revised nta calc arrives at 1.711, page-12

I think that the bankers do agree and that is why CER seem to have longer term credit than CNP at this stage.

I once financed a shopping arcade with Swiss francs in the 80s. The fall in the value of the dollar had the loan blow out to the extent that I could have been bankrupted by the bank. The bank continued with the loan on the basis that the interest was paid. They ended getting their money and I ended up not owing the bank. The shops eventually got sold at a profit. Since then my motto has been "neither a borrower nor a lender be".

Of course that was in the days when you had a friendly bank manager and not a bl^#$*y computer making the decisions.