News: IFN Infigen Energy Says February Production Generated From Owned Assets 149 Gwh, page-17

Thanks for clarifying.. I also noticed that payment, which they settled to close out the previous currency swaps which kinda distorts the 'perceived' interest expenses for IFN .. but clearly and most importantly for us that will not happen again

obviously big loans carry exchange rate risk but IFN did not previously handle this to their advantage and it cost them.. it appears that they have not taken any risky currency / exchange rate protection this time around ? further downside to the AUS$ would hurt them but it does seem like the AUS $ has put in a floor around the .70 US and it would take dovish cuts from RBA to crash into the 60s

If the AUS $ edges up IFN is laughing especially if they have not hedged too much

NET debt is high for sure but they are in a far far better finance arrangement now and this should reflect well in future reports to market..

typically a big corporate finance deal would be anywhere between 5-10% for low to medium risk IMHO and perhaps over 10% for higher risk

I would imagine that IFN would be a pretty safe bet for big financiers

stickin with this LT in the super