AJQ
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0.00% 10.0¢ armour energy limited

Ann: Corporate Bond Financing Offer Update, page-7

  1. 2Luke
    333 Posts.
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    20/03/19
    22:26
    Post #: 37831037
    I must say I am not familiar with the concept of an amortising note.

    Amortising by 52% from 29 Mar 2021 until Maturity Date.

    Does it mean that starting from 29 Mar 2021 the principal starts getting repaid as well, and the interest payable starts reducing proportionately?

    8.75% is a good outcome though.
    AJQ Price at posting: 7.6¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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