This is just a boring "business as usual" announcement and the debt being raised is spare change to FMG. The "Senior Unsecured" part refers to where that debt rates in the hierarchy of the corporate structure in the event of default/bankruptcy. FMG already has several Senior Unsecured Notes out there:
Their debt level is also well below their targets:
But it absolutely sh**ts me as to how AF is on the front page everyday signing MOU for multibillion dollar projects, now they are issuing debt and shareholders still have absolutely no idea about the economics behind FFI on any project.
Ann: Launch of Senior Unsecured Note Offering, page-19
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Last
$17.49 |
Change
0.300(1.75%) |
Mkt cap ! $53.85B | |||
| Open | High | Low | Value | Volume |
| $17.34 | $17.56 | $17.13 | $141.9M | 8.137M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 286 | $17.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.49 | 26714 | 5 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |