10 year money.
S32 has changed policy - moving from net nil debt to supporting a modest amount. Given current stellar commodity prices, the Sierra Garda debt would run off very quickly.
Borrowing money before it is needed is good practice, yet begs the question: what is the money for?
Growth projects Hermosa and Arctic are too distant to need finance at this time.
Aha! GK & team have found something worthwhile to buy.
I wish.
Ash
Ann: South32 prices US$700M of Senior Notes, page-3
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Last
$3.65 |
Change
-0.010(0.27%) |
Mkt cap ! $16.57B | |||
| Open | High | Low | Value | Volume |
| $3.65 | $3.68 | $3.64 | $4.912M | 1.344M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3995 | $3.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.66 | 238053 | 40 |
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| Last trade - 11.04am 01/07/2024 (20 minute delay) ? |
| S32 (ASX) Chart |