Buried in this spiel which I won't post is reference to the 2018 unsecured notes I made reference to a week ago " Fortescue is expected to redeem a $900 million 2018 bond at its first call date next month, said CBA’s Chotani. A further $1 billion of 2017 bonds may also be paid back in April next year “without materially impacting its liquidity profile,” he said. "
We may see reference to this prior to the 19 April /March quarterly report. Note reference to the 1 bill 2017 notes which are not callable until April next year.This may mean the senior secured facility 4.95 bill 2019 facility may be next
FMG Price at posting:
$4.99 Sentiment: Hold Disclosure: Held
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